IMPORT TARIFFS - LATEST NEWS & UPDATES
Value for duty (VFD) is the value used to calculate the amount of duty owed on imported goods. The VFD is decided by the customs authority officials of the importing country, and it depends on the transaction value of the goods, adjusted for specific factors.
The transaction value of the goods is the price actually paid or payable for the goods, including the freight and insurance costs. The VFD can be adjusted for specific factors.
Some of the factors that can affect the VFD includes:
In the United States, VFD is more commonly referred to as a ‘Customs Value’ or ‘Transaction Value’.
Related articles:
Licensed customs support for importers across a wide range of U.S. entry needs. USA Customs Clearance provides Customs Bonds, Consulting, Customs Brokerage, Manifest Confidentiality, Importer of Record support, and Guides & Resources to help importers prepare for U.S. Customs and Border Protection (CBP) requirements and customs clearance with regulatory compliance, greater clarity, and confidence.
With licensed broker support, transparent service information, and secure checkout, we help importers take the right next step.
