# Regulation (EC) No 638/2004 of the European Parliament and of the Council of 31 March 2004 on Community statistics relating to the trading of goods between Member States and repealing Council Regulation (EEC) No 3330/91, Division 3: Value of the goods

Extent: E+W+S+N.I.

The value of the goods can be expressed in two ways:
(a)the taxable amount, which is the value to be determined for value added tax purposes;
(b)the statistical value, which is the value calculated at the national borders .... It shall be based on the taxable amount or, where applicable, the value replacing it. It includes only incidental expenses (freight, insurance) incurred, in the case of dispatches, in the part of the journey located on the territory of the Member State of dispatch and, in the case of arrivals, in the part of the journey located outside the territory of the Member State of arrival. It is said to be a fob value (free on board) for dispatches, and a cif value (cost, insurance, freight) for arrivals.

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Source: https://www.legislation.gov.uk/eur/2004/638/annex/division/3 (the official version)
Page: https://openlegislation.uk/eu-regulation-2004-638/annex/division-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.