# The Customs (Import Duty) (EU Exit) Regulations 2018, Regulation 119: Method 1 valuation


The general rule of valuation provided by section 16(2) of the Act is the “Method 1 valuation”.

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Source: https://www.legislation.gov.uk/uksi/2018/1248/regulation/119 (the official version)
Page: https://openlegislation.uk/customs-import-duty-eu-exit-regulations-2018/regulation-119
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.