It is often used to declare value for customs.

This means that you cannot arrive at a final value for customs duty at the time of entry.

They are used for giving an importation value for customs, VAT and trade statistics' purposes.

Account sales: A term used when goods imported on consignment are valued for customs purposes by reference to the price they achieve when sold in the Community.

For customs entries accepted by customs during the above period the following rates of exchanges are to be used when any foreign currency amount has to be converted to sterling in the determination of the value for customs and Vat purposes.

It was therefore held by the Court that the fact that all the Member States had signed the Customs Cooperation Council Valuation Convention would not lead to the necessary extent to the uniform determination of the value for customs purposes of imported goods required for the functioning of customs union.