Finance Act 1972

11 Value of imported goods

For the purposes of this Part of this Act the value of any imported goods shall be taken to be the aggregate of the following, that is to say,—

(a) the amount that would fall to be taken as their value under section 258 of the [1952 c. 44.] Customs and Excise Act 1952 if value added tax were a duty of customs; and

(b) the amount of any customs duty payable on the goods or of any payment or repayment made in order to secure relief from such customs duty under section 35 or section 36 of the Customs and Excise Act 1952 (relief on re-importation); and

(c) any amount payable on the goods by way of surcharge under section 7 of the [1956 c. 48.] Sugar Act 1956 or a levy under section 1 of the [1964 c. 28.] Agriculture and Horticulture Act 1964 or payable on the goods under section 6(5) of the European Communities Act 1972 or that section as applied by section 7(1) of that Act.