Customs/Value - Question

[Frogskins]

As many of you already know, when shipping an item internationally, you have to fill out a customs form.

Description of item is easy, usually "sunglasses."

My question is where they ask you to put down the value of the item - is this the same as the selling price?

For example, if you pay $100.00 for a pair of Oakleys, and then you sell them for $200, do you place the value of the item at $100 or $200?

In other words, is the value of an item,
"what's it worth in the current market,"
what you paid for it,
or what you sold it for?

 

[Supero100]

Put down a number that is plausible, forgettable and smells like something MSRP-y. Start it with $ and end it with .95.

 

[Frogskins]

Put down a number that is plausible, forgettable and smells like something MSRP-y. Start it with $ and end it with .95.

So generally the Oakley retail price would be a good starting point? (and maybe decrease the amount if the pair is used?)

 

[Supero100]

So generally the Oakley retail price would be a good starting point? (and maybe decrease the amount if the pair is used?)

Sounds plausible to me...