Similar Goods Value Method

The Similar Goods Value Method is a method used in customs valuation to determine the dutiable value, typically as a supplement to the transaction value method. When the transaction value of imported goods cannot be determined or does not meet requirements, customs will sequentially use the identical goods value method, similar goods value method, deductive value method, computed value method, etc. Similar goods refer to goods produced in the same country as the goods being valued, with similar functions, characteristics, and component materials, but not identical. When using this method, differences between the goods (such as quality, reputation, specifications, etc.) must be considered and reasonably adjusted. Points to note include: similar goods must be imported at the same or approximately the same time as the goods being valued; priority should be given to similar goods produced by the same manufacturer, and if none, those from other manufacturers; adjustment factors must have objective basis. The difference from the identical goods value method is that identical goods require exactly the same physical characteristics, quality, and reputation, while similar goods only require similarity. This method applies when identical goods cannot be found or the price of identical goods is unreliable.