Includes customs regulations and contact information for this country's customs office.
Last Published: 7/17/2019
Includes customs regulations and contact information for this country's customs office.
Customs Valuation – Most customs duties and value added tax (VAT) are expressed as a percentage of the value of goods being declared for importation. Thus, it is necessary to maintain a standard set of rules for establishing the goods' value, which will then serve for calculating the customs’ duties.

Given the magnitude of EU imports every year, it is important that the value of such commerce is accurately measured for the purposes of:

•           economic and commercial policy analysis;
•           application of commercial policy measures;
•           proper collection of import duties and taxes; and
•           import and export statistics.

These objectives are met using a single instrument - the rules on customs value.
The EU applies an internationally accepted concept of “customs value.

The value of imported goods is one of three 'elements of taxation' that provides the basis for assessment of the customs debt, which is the technical term for the amount of duty that has to be paid, the other two are origin of the goods and the customs tariff.
Key Link: Customs Procedures.

Information about Slovak Customs procedures and contact information for Slovak Customs authorities can be found at the following website.

For information on this topic please consult the Commerce Department’s Country Commercial Guides on EU member states.
 

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