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Intrinsic value

Goods price used to assess a customs threshold

Macro & central banks

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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