Source: WCO
The Technical Committee on Customs Valuation (Technical Committee) has at its 48th Session held from 13 – 17 May 2019 adopted an instrument (Advisory Opinion 23.1) with respect to the valuation of goods purchased in a flash sale.
The two issues submitted by Mauritius to the Technical Committee were whether a highly discounted price of goods purchased in a flash sale could be accepted as the basis for Customs valuation under Article 1 and whether the discounted price could be used to determine the transaction value of identical or similar goods for which there is no transaction value.
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