NOTICE
Customs Valuation
The Jamaica Customs Agency wishes to remind the public about the Valuation Principles contained in the Valuation Schedule, Section 19 of the Customs Act. The schedule specifies the rules of valuation for imported goods, the methods and the manner in which they may be applied.
Rights and Obligation According to the Customs Act
Section 19 (2) – Customs have the right to doubt the truth or accuracy of the information submitted.
Section 19 (3) – Customs is obligated to notify the importer of how the customs value was determined.
Section 19 (4) &19 (5) – Customs must inform the importer of the right to an appeal without penalty.
Section 19 (7) – Customs have two (2) years within which to change a previously accepted value due to new information gathered.
Please note: Importers are obligated to cooperate with Customs during an investigation of values.
The Customs Valuation methods are based on the World Trade Organisation (WTO) Valuation Agreement. There are six methods:
- Method 1: Transaction Value
- Method 2: Transaction Value of Identical Goods
- Method 3: Transaction Value of Similar Goods
- Method 4: Deductive Method
- Method 5: Computed Method
- Method 6: Fall-back Method
For further information visit the Jamaica Customs Agency website at www.jacustoms.gov.jm or contact the Customs Quick Response Team via email at quick.response@jacustoms.gov.jm or via telephone 922-5140-8, 1-888-customs (287-8667).
