In the realm of parcels, customs value signifies the declared or evaluated monetary worth of the contents being shipped, as determined for customs-related purposes.
It reflects the estimated value of the goods being imported or exported, as stated by the sender or consignor of the parcel. This value forms the basis for calculating any applicable duties, taxes, and fees imposed by customs authorities on the goods in transit. Precise declaration of the customs value is vital to comply with customs regulations and accurately determine the duties and taxes owed on the shipment.
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