11.4 Exchange Rate Any foreign currency amount to be taken in to account in valuation
must be converted into Ethiopian birr. This also applies, for example,
to costs for freight or insurance.
For conversion, the official exchange rate declared by the National
Bank of Ethiopia for the day when the goods declaration is registered
must be used. Official exchange rates are released every Wednesday
and are valid for a week, starting on Thursday.
Details of customs exchange rates are available at ERCA’s
Information Technology Development Directorate and customs
branch offices, as well as the NBE.
11.5 Rights and Responsibilities of the Declarant Without prejudice to other responsibilities elsewhere, the particular
responsibilities of the declarant are the following:
a) The declarant shall provide proper customs declaration, VDD and
supporting documents;
b) In relation with valuation detail declaration, the declarant shall
ensure that:
• The details of valuation information are correct and valid;
• Any formats from the authority shall be filled properly;
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• He/she is responsible for any information on the declaration
and must be signed;
c) Ensure the goods declaration is filled properly and the supporting
documents are correct and valid.
Conversely, in case of grievance the declarant has the following
rights:
a) The right to get written decision from the authority; T
b) he right to get goods release by furnishing:
• Insurance guarantee for manufacturers;
• Guarantee letter for government;
• Cash deposit or bank guarantee for the rest.
c) The right to appeal on customs decisions
11.6 Valuation of Special Goods Specific rules apply to a number of special goods. These are as
follows:
• Samples, Gifts, Donations: Free goods are valued by using
Method 1 or 2. Alternatively, a value from the supplier,
prepared for customs purposes, may be presented at the time
of importation.
• Vehicles: New vehicles are valued through the standard
approach (valuation methods 1 to 6). Imported used vehicles
are valued through customs record value by using the
identical/similar goods method in relation to manufacturing
year, model and horse power/ cc/. The duty paying value of a
used car is calculated as follows:
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Depreciation of a used vehicle is calculated as follows: