What is customs value?

What is customs value? photo

Customs value is the actual price at which a vehicle was purchased abroad. It is the basis for calculating customs payments: duty, excise duty and VAT. After crossing the border, the vehicle enters the customs control zone, where a customs inspector confirms or determines its customs value.

Why can the customs value differ?

The customs value estimate can vary depending on the condition of the car and its technical characteristics. For example, the same model, say a 2017 Skoda Superb, can cost from 5,100 to 11,000 euros. Accordingly, the cost of customs clearance can be from 2,530 to 4,730 dollars. Such a difference in value creates difficulties for both buyers and sellers, as it makes it difficult to predict costs and profits.

How to avoid unexpected expenses?

To reduce the risks associated with customs value variations, it is recommended to:

  • Contact professionals who have experience in customs clearance and can provide accurate calculations.
  • Use digital services for preliminary calculation of customs payments.
  • Collect all necessary documents confirming the cost of purchasing the car to avoid additional charges.