As at 1 May 2016
Information for customs officials and declarants on determination of the customs value of goods, on calculation of import charges and on calculation of the statistical value of goods, if the invoice price and other cost elements are indicated in a currency other than euro .
- Article 53 of the Regulation (EU) 952/2013 of the European Parliament and of the Council of 9 October 2013 laying down the Union Customs Code (hereinafter UCC)
- Articles 48 and 146 of the Commission Implementing Regulation (EU) 2015/2447 of 24 November 2015 laying down detailed rules for implementing certain provisions of Regulation (EU) No 952/2013 of the European Parliament and of the Council laying down the Union Customs Code (hereinafter UCC IR)
When determining the customs value of goods, both the price of goods and elements of customs value may be expressed in a currency other than euro. These amounts are converted into euros in accordance with Art 53 (1) a) of the UCC and Art 146 of the UCC IR.
Pursuant to Article 146 (1) a) of the UCC IR, the rate of exchange published by the European Central Bank on the second last Wednesday of each month shall be used for currency conversion for customs valuation purposes. Rates of exchange published on the second last Wednesday of a month shall apply for customs clearance for the following month.
Rates of exchange of currencies of those states that the European Central Bank does not publish shall be determined on the basis of the euro quotation given on the website of the central bank of this state. The list of the addresses of various central banks can be found on the website of the Bank for International Settlements (BIS).
On customs clearance the exchange rate of the euro quotation on the day before the customs clearance is used or, if this is lacking, the last exchange rate of the euro quotation.
If the central bank displays both bid quotations and asked quotations, then the arithmetic mean of the quotations shall be taken as the basis of the exchange rate of the euro.
Exchange rates are published in the Estonian Master Tariff System (EMTS) (the mobile version of EMTS) – "Calculation of duties" – under the inquiry "Exchange rates".
In the case, exchange rates unlisted by the European Central Bank are in question, and these cannot be found on the website of a corresponding state, we allow to use the exchange rate published on the following websites:
Exchange rates used in the German customs authority
Exchange rates used in the Irish customs authority
Pursuant to the provisions of the Union Customs Code, different symbols (codes) for the euro are used on customs clearance that are available in inquiries of the Estonian Master Tariff System (EMTS) and in the customs declaration-processing system Complex.
The symbol EUR is used for the purposes of determining the tariff classification of goods and the amount of import and export duty, including value thresholds in the Common Customs Tariff, pursuant to clause 53 (1) b) of the UCC.
The symbol EUV is used to determine the customs value of import goods and to calculate the statistical value of export goods, if the price on the invoice and other cost elements are expressed in euros (the rate on customs clearance). The rate of exchange for EUV shall be established pursuant to clause 53 (1) b) of the UCC and Art 146 of the UCC IR.
The symbol EUC is used to determine the customs value of certain perishable goods (fruit and vegetables) imported on consignment on the basis of the unit price in accordance with Art 74 (2) c) of the UCC. The list of goods which use the unit prices as the basis for the determination of the customs value is given in Annex 23-02 of the IR. The Estonian Master Tariff System (EMTS) includes the unit prices.
 The euro is a single currency in the countries participating in the Economic and Monetary Union, EMU. The countries of the EMU are Austria, Belgium, Spain, the Netherlands, Ireland, Italy, Greece, Luxembourg, Portugal, France, Germany, Slovenia, Finland, Cyprus, Malta, Slovakia, Estonia, Latvia and Lithuania.