VERIVALUE DATABASE
Value Assessment: compliance with the WTO Customs Valuation Agreement

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.

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.

What are the key benefits?
- Modernize Customs procedures with access to a dependable, updated database which can be tailored to the specific needs of each country
- Access to objective current information through a protected Internet tool
- Enable a constructive dialogue between Customs authorities and operators with an appropriate IT infrastructure
- Meet "transaction value" criteria of World Trade Organization (GATT) rules and the WCO (World Customs Organization) recommendations
- Find product information easily
- Check specific product prices without delay
- Assist customs investigations
- Strengthen the fight against fraud