Recent content by dmc6262
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Customs Value vs Insurance Value
That's a good point - hadn't considered that- dmc6262
- Post #8
- Forum: Overseas Trade
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Customs Value vs Insurance Value
I see what you're saying, but even though the transaction purchase price was $1,000, If lost, I would want to claim $3,000 because there are other costs associated with this purchase, that arose in the UK, not the country of export. So, based on what you're saying, it'd appear that if you want...- dmc6262
- Post #4
- Forum: Overseas Trade
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Customs Value vs Insurance Value
Hi All, Would appreciate any help. By way of example: Purchase goods (from US to import to UK) worth: $1,000 Purchase shipping insurance for $30 that provides cover up to: $3,000 Would it be $1000 or $3000 that is used as the customs value? I have a U.S exporter telling me that the...- dmc6262
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- Replies: 7
- Forum: Overseas Trade