Brazil to Exclude Certain Transportation Charges in Customs Value Determination
Brazil will no longer require traders to include certain transportation-related charges for the purposes of customs value calculations, the Hong Kong Trade Development Council reported June 28. The country will no longer require the customs value of imported merchandise to…
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include the cost of “loading, unloading and handling charges associated with the transport of the imported goods to the port of destination,” HKTDC said. The move is meant to exclude “foremanship charges” from the transaction value, which include charges for “receiving, checking, transporting internally, opening packages for customs inspections” and other storing and loading of goods. Brazil expects the change will reduce “overall import costs,” HKTDC said.