Customs Valuation System in Ethiopia
No Thumbnail Available
Date
2009-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Addis Ababa University
Abstract
The study assessed the customs valuation system applied in Ethiopia and investigated the
existing problems in the system. The methods adopted in the study include documentary
analysis, in-depth interview and self administered questionnaires. The results suggested
that the Customs Valuation System in Ethiopia does not provide fair, neutral and uniform
valuation and does not effectively protect traders from risk of arbitrary valuation by the
customs officers. There is also risk of revenue loss to the government due to
underinvoicing of imports by the traders since controlling mechanisms such as Post
Clearance Audit (PCA) are not adequately developed. Therefore, the Government of
Ethiopia needs to strengthen the controlling mechanisms within the customs valuation
system since duties and taxes on foreign trade contribute the significant portion of its tax
and duty revenues
Description
Keywords
Customs valuation