Get an Advance Valuation Ruling to give you legal confirmation on the correct method to use when valuing your goods to make an import declaration.
When you import goods into the UK, you must work out the correct method to use to work out their customs value.
You can apply to HMRC for an Advance Valuation Ruling before you make an import declaration to:
- check that the valuation method you have identified is correct
- get a legally backed decision that you can use this method before you make your import declaration
It can take up to 90 days to give you a decision once you’ve applied and your application has been accepted.
An Advance Valuation Ruling is not mandatory and you can still import goods into the UK without one, however having one can help make sure you pay the correct duty on the goods you import.
For further information please select the following link Apply for an Advance Valuation Ruling - GOV.UK (www.gov.uk)