CVA stands for "Simplification of determination of amounts being part of the customs value of goods." This refers to a customs procedure that simplifies the calculation of the customs value of goods by excluding certain costs and charges that are not directly related to the sale or transfer of the goods.
Under the CVA procedure, certain costs and charges that are incurred after the goods have been exported, such as the cost of transportation, insurance, or handling, are excluded from the customs value calculation. This simplifies the calculation process and reduces the administrative burden on businesses engaged in international trade.
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