Division 2 The value of the goods for extra-Union exports or imports shall be:

1. (a)

   in the event of a sale or purchase, the price actually paid or payable for the imported or exported goods, excluding arbitrary or fictitious values;

2. (b)

   in other cases, the price which would have been paid in the event of sale or purchase.

The customs value shall be used if determined according to the Union Customs Code for goods released for free circulation including end-use.