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Regulation 109 Values undetermined when Customs declaration would otherwise be acceptedC1I1

(1)

This regulation applies where, in the application of Method 1 valuation, a transaction value cannot be determined by the time the Customs declaration in respect of the goods would, if the value were determined, be accepted.

(2)

A Customs declaration in respect of the goods may be made in which the value of the goods is in whole or part still to be determined, if conditions 1 to 3 are satisfied.

(3)

Condition 1: the declarant must—

(a)

be authorised by HMRC for the purposes of this regulation; and

(b)

provide a draft of the intended contents of the declaration to HMRC which—

(i)

identifies those parts of the value which cannot be determined and why;

(ii)

sets out the basis on which the value can later be determined; and

(iii)

states the date by which the valuation will be provided to HMRC.

(4)

Condition 2: HMRC must notify the declarant—

(a)

that it is satisfied that a declaration may be so made; and

(b)

of the date by which the declaration must be made.

(5)

Condition 3: the Customs declaration is made accordingly.

Annotations

Modifications

C1

Pt. 12 applied (with modifications) (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 32; S.I. 2020/1643, reg. 2, Sch.

Commencement

I1

Reg. 109 in force at 31.12.2020 by S.I. 2020/1643, reg. 2, Sch.