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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 a trade facilitation services provider on five continents and is one of the world's leading providers for inspection services. Our expertise in security and scanner operation has been recognized since 2000.

Our Certification and Accreditation
Bureau Veritas is certified ISO 9001 and was the first inspection body in the world to have its network accredited ISO 17020 within the scope of its Pre-Shipment Inspection and Verification of Conformity activities.

Our Network
Our global presence offers you the convenience of international expertise combined with local service where you need it.

Our Proven experience
Bureau Veritas was founded in 1828 and has a long experience in trade facilitation services performed on behalf of numerous clients and governments entities.

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 and users / private sector.

  • 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

Contact Us

International Trade Division

+ 33 1 55 24 77 58

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