dutiable value

Dutiable value refers to the amount used by customs authorities to calculate import taxes and duties on goods brought into a country. It typically includes the cost of the item, shipping, insurance, and other related expenses up to the point of entry. This value serves as the basis for determining how much duty (tax) a importer must pay, ensuring that goods are taxed fairly based on their true worth at the border. Understanding dutiable value helps importers and exporters comply with regulations and accurately calculate their costs.