// definition
Intrinsic value
Goods price used to assess a customs threshold
Short definition
For commercial goods, the price of the goods themselves when sold for export to the European Union. Transport and insurance costs are excluded when shown separately, as are other identifiable taxes and charges. Delivery costs included in the price and not separately identified remain part of the value. The total checkout payment and the value used to assess a customs threshold may therefore differ.
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Primary sources
- Delegated Regulation 2020/877Article 1(1)(b), point 48 inserted in Regulation 2015/2446.