Customs Warehouse - Value

Goods coming into our UK customs warehouse we would use the purchase price of the goods from our supplier. Goods being sold from our customs warehouse should we use the purchase price or sales value

To clear from Customs Warehouse to free Circulation for the import entry ,,Use the Purchase Value , The Goods in Customs Warehouse should not have had any extra value added or changed in any way . SunilMakim

Thanks Sunil and apologies as I need further clarification. to clear the goods from our Customs Warehouse to free circulation if using the purchase value on the import declaration would we be the importer on record and the exporter on record

The Value you use will be based on normal valuation rules and will therefore depend on whether the goods have been sold to someone else whilst they have been in CW. If they haven’t been sold prior to removal then the original price you paid when the goods arrived in the UK can be used. You will be the importer on the removal declaration. I don’t see where you possibly needing to be exporter could possibly come in in a declaration for free circulation out of a CW. The exporter will be the party that exported the goods to the UK.

Hi,
We would advise contacting the Customs and International trade helpline on 0300 322 9434 if you have any other issues with your query.
Thankyou.

Many thanks for all your help