Version: (2021-05-06 14:34)
Glossary term:

Flat-rate import value

If the application of the common customs tariff duty rate depends on the entry price of the imported consignment, the veracity of the price is checked using a flat-rate import value calculated by the Commission, by product and by origin, on the basis of the weighted average of prices for the product on member countries' representative import markets or on other markets, where appropriate.

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