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VeriVALUE Database

Value Assessment: compliance with the WTO Customs Valuation Agreement

BUSINESS CHALLENGE

The WTO Valuation Agreement establishes a customs valuation based on the actual transaction value of imported goods. Valuation and risk analysis tools are vital for Customs authorities to protect government revenue against fraudulent and inaccurate value declarations.

SOLUTION

What is the VeriVALUE Database? Bureau Veritas has provided trade facilitation services for more than twenty years. With this experience the company creates and continuously updates a comprehensive product-value database under the name VeriVALUE. Bureau Veritas ensures installation, writes customized procedures, and provides training for Customs officials.

WHY CHOOSE BUREAU VERITAS?

Bureau Veritas acts as trade facilitation services provider on five continents and is one of the world's leading providers of import control and inspection services. ISO certification and accreditation Bureau Veritas is certified ISO 9001:2000 worldwide. The inspection activity of the Government Services & International Trade Division is accredited ISO 17020. Efficiency guaranteed by worldwide presence Our global presence offers you the convenience of international expertise combined with local service where you need it. Proven experience Bureau Veritas was founded in 1828. Through its dedicated subsidiary BIVAC International, it has more than 20 years' experience in trade facilitation services performed on behalf of numerous clients. Founding member of IFIA (International Federation of Inspection Agencies) The trade association for inspection agencies and other organizations that provide inspection, testing and certification services internationally. Bureau Veritas complies with the IFIA Compliance Code and PSI Code of Practice.

FAQ - FREQUENTLY ASKED QUESTIONS

  • Who pays for the service?

    The government concerned.

  • How is the VeriVALUE database updated?

    The update is automatic with input by the inspection company and/or the customs authorities.

  • How can VeriVALUE database be extended?

    The performance of VeriVALUE can be extended by including additional functions: - Integration of external data and advanced browsing functions, - Installation of value databases on other sites.

  • What data is available through VeriVALUE?

    A few examples: - HS code (Harmonized System) - Description - Reference - Brand - Country of origin - Unit price

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