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Reference price application
in customs value

The customs value of goods is the sales price. However, in
case there are doubts about the accuracy of the declared
customs value and the causes of doubt are not eliminated at
the end of the necessary examinations, the customs value of
the goods cannot be determined according to the sales price
method. Accordingly, cross-border values are researched in
order to determine the accuracy of the value declared for
imported goods in case the necessary conditions are met.

Reference price calculation is made using the standard cost
methods used by companies engaged in manufacturing
activities in this area in our country and based on the raw
material prices applied in the markets over the world as
well as minimum production costs to the extent possible.
In this calculation, the export sales expenses to arise are
ignored. Accordingly, the reference price method applies to
all countries and the price of goods received from a country
cannot be lower than the reference price calculated. As
a matter of fact, this price reflects the goods’ minimum
production cost. Therefore, in case the declared value
is lower than the reference price, value research can be
initiated as per the Circular no. 2012/29. However, we are of
the opinion that the use of these prices for the accrual of tax
differences and fines is not parallel with the purpose of the
application.

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