Declaring Your Package Value: A Complete Guide

What is Package Value Declaration?

When shipping internationally, you must declare the actual value of your items. This helps customs:

• Calculate appropriate duties and taxes

• Process your shipment correctly

• Ensure fair trade practices

Understanding Different Types of Values

1. Transaction Value (Declared Value)

   • The actual amount paid for the items

   • Example: Two pairs of shoes at $160 each = $320 declared value

2. Commercial/Retail Value

   • The price end customers pay

   • Typically used for B2C (Business to Consumer) shipments

3. Wholesale Value

   • Bulk purchase price per item

   • Used when goods are bought at wholesale prices

   • Represents replacement cost for lost/damaged items

4. Cost Price

   • Manufacturing cost of the item

   • Used by customs if declared value seems incorrect

   • May be verified against market prices

How to Declare Value Correctly

Do:

• Declare the actual purchase price

• Keep proof of purchase ready

• Include value for each item separately

• Use the currency specified in the transaction

Don't:

• Undervalue items to reduce duties

• Use estimated values

• Forget to include shipping costs if required

• Mix different types of values

Important Warning About Incorrect Declarations

Undervaluing goods can result in:

• Customs delays

• Package inspection

• Requests for proof of payment

• Additional fees and fines

• Seized merchandise

• Returned shipments at sender's expense

Best Practices for Value Declaration

1. Keep Documentation Ready

   • Purchase receipts

   • Payment confirmations

   • Price lists or catalogs

   • Any relevant transaction records

2. Be Transparent

   • Declare actual transaction prices

   • Include all items in the shipment

   • Maintain consistent values across documents

3. When in Doubt

   • Contact WINGBOX support

   • Check destination country requirements

   • Verify required documentation

Remember: Accurate value declaration is crucial for smooth customs clearance. While it might be tempting to undervalue items to save on duties and taxes, the risks and potential consequences far outweigh any short-term benefits.

Pro Tip: Save copies of all value-related documentation until your shipment is successfully delivered. This helps resolve any customs queries quickly.