HOW CUSTOMS/URA VALUE IMPORTED GOODS TO DETERMINE THE RIGHT TAXES,MUST WATCH BEFORE IMPORTING GOODS.

TOPICS/QUESTION ADDRESSED  What is Customs Valuation  Customs valuation methods explained (Transaction value, transaction value of identical/ similar goods, Computed value, Deductive and fallback method).  What kind of goods don’t constitute a sale and hence Do not merit the application of transaction value?  Is the invoice price the Custom value?  Adjustments to Customs Value (Compulsory and Optional Adjustments (Art. 8.1)  What are the conditions for the use of the Transaction Value method?  Documents needed by Customs to confirm the transactional Value?  Is the invoice price the Custom value?  Expenses deducted from the deductive/domestic selling price?  Does Customs have the right to reject a value declared by an importer? Does the importer have a right to reject the customs value if he does not agree with a valuation decision made by Customs?  What are my options if I disagree with Customs on the Valuation of my Goods?  Can I be prosecuted in court for a criminal offence if I infringe on customs Procedures?  Does Customs have the right to reject a value declared by an importer?  Does the importer have a right to reject the customs value if he does not agree with a valuation decision made by Customs?  What are my options if I disagree with Customs because they do not use my Invoice price to calculate the duty or if I think the duty has been wrongly calculated? https://touchpoint.ura.go.ug