UPDATE ON NEW REGULATIONS FOR CUSTOMS VALUATION UNDER DECREE NO. 167/2025/ND-CP
Decree No. 167/2025/ND-CP, effective from 15 August 2025, amends and supplements a number of regulations on customs valuation inspection and determination for exported and imported goods.
To minimize customs clearance risks, businesses should pay close attention to the following methods of determining customs value when submitting customs declarations under the new regulations.
1. For Exported Goods
The customs value is the selling price of the goods up to the export border gate.
The following costs are excluded:
- International freight charges (Freight).
- International insurance costs (Insurance).
For export shipments under delivery terms that include freight and/or insurance (CIF, CIP, CFR, CPT, etc.), businesses must separately identify these costs to accurately determine the customs value declared on the export customs declaration.
2. For Imported Goods
The customs value is the actual price paid or payable up to the first port of entry into Vietnam.
The customs value is determined based on the delivery terms (Incoterms) together with any additions or deductions required under Vietnam’s customs regulations.
When receiving shipping documents, businesses should request customers or suppliers to clearly specify the delivery terms, freight charges, insurance costs, and other related expenses to ensure the customs value is determined accurately.
Need Support with Customs Valuation and Import-Export Procedures?
THT Cargo Logistics supports FDI manufacturers and import-export businesses in customs valuation consulting, document review, Incoterms verification, customs value adjustment analysis, and customs declaration in compliance with current regulations.
If your company needs assistance with customs valuation declarations or would like to review your customs documents before clearance, contact THT Cargo Logistics for timely support from our experienced customs specialists.
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