The term transaction value refers to the price to be paid or actually paid for imported goods when sold for export to the customs territory of the EU. The starting point for its determination is the purchase price, which must be corrected if important elements are missing. The determination of the transaction value is mainly a matter of manageability: as in the Value Added Tax Act (VAT Act).
It is therefore based on the price agreement between the individual parties. The reference point is also the place in the customs territory of the European Union to which the goods are to be brought. For this reason, transport costs must be added or subtracted.