The changes to how import declarations are completed using Customs Declaration Service (CDS) software for Valuation Methods 2 and 3 have been updated, and you should use the updated process to submit your rest of the world (RoW) to Great Britain (GB) declarations on CDS.
What you need to do
You must stop using the workaround solution that was previously issued when declaring Valuation Method 2 or 3, and you use the following codes in DE 4/16 to indicate which valuation method has been used.
Code | Valuation Method | Associated Document Code (DE 2/3) |
---|---|---|
1 | Valuation Method 1 — Transaction value | N935 or N325 N934 if instructed to complete a form DV1 by Customs (and, if appropriate, C602 for any continuation sheet); otherwise, not applicable |
2 | Valuation Method 2 — Transaction value of identical goods | N935 and the reference number of the invoice for the identical goods, which is being used as the basis for the declared value N934 if instructed to complete a form DV1 by Customs (and, if appropriate, C602 for any continuation sheet); otherwise, not applicable |
3 | Valuation Method 3 — Transaction value of similar goods | N935 and the reference number of the invoice for the similar goods, which is being used as the basis for the declared value N934 if instructed to complete a form DV1 by Customs (and, if appropriate, C602 for any continuation sheet); otherwise, not applicable |
4 | Valuation Method 4 — The Deductive Method | 9WKS with document status code AC for the worksheet demonstrating how the declared value has been determined. Not required if declaring E01, E02 or 1SV N934 if instructed to complete a form DV1 by Customs (and, if appropriate, C602 for any continuation sheet); otherwise, not applicable |
5 | Valuation Method 5 — The Computed Value Method | 9WKS with document status code AC for the worksheet demonstrating how the declared value has been determined N934 if instructed to complete a form DV1 by Customs (and, if appropriate, C602 for any continuation sheet); otherwise, not applicable |
6 | Valuation Method 6 — The ‘Fall-back’ Method | 9WKS with document status code AC for the worksheet demonstrating how the declared value has been determined N934 if instructed to complete a form DV1 by Customs (and, if appropriate, C602 for any continuation sheet); otherwise, not applicable |
Please note that, for Inward Processing declarations (category H4) where Additional Procedure F44 has not been used, a Valuation Method is no longer required.
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