Import

Date 01/14/2014

Valuation of Imported Items.

Method of Valuation. The basis of the import tax shall be the FOB where such
can be reasonably determined.
Alternate Methods of Valuation. If the FOB price of imported goods cannot be
reasonably determined, the payment of the import tax shall be determined by the
following method which is reasonably available to the Customs Officer:
- The value or retail price of identical or similar goods available for
  sale in Palau. For this, the Division of Customs will maintain a
  valuation database and use the database as a reference to determine
  the correct value. The Division will also conduct market surveys to
  regularly update the database.
Independent Appraisal. If the FOB price or its equivalent cannot be determined
through a market survey the value for payment of the import tax shall be
determined by an independent appraisal, the cost of which shall be borne by the
importer of the item.
- Import Tax Rates. The Import Tax shall be imposed on imported
  items at the rates set in 40 PNCA §1301(a), or such other law as may
  be applicable.