Abstract
This article discusses current policy requirements for valuation for customs purposes with a focus on software imports and includes challenges from the practitioner’s point of view. These challenges include applying valuation principles to the various types of solutions that include software, such as software on media and preinstalled software on hardware. As technology evolves, new offerings or products in this space are not clearly defined in the existing policy requirements. To maintain compliance, the importer may have to negotiate with various countries’ customs authorities, which may result in added complexity and additional risk for the importer.
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