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Exporters or importers can choose any one of the six customs valuation methods to determine the value for duty (VFD) for Customs clearance purpose. The

Exporters or importers can choose any one of the six customs valuation methods to determine the value for duty (VFD) for Customs clearance purpose. The six customs valuation methods are transaction value method, transaction value method of identical goods, transaction value method of similar goods, deductive value method, computed value method and residual basis of appraisal method. True False

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