Customs Administration, Ministry of Finance stated that export trade statistics are derived from export declarations, which include key data such as the Free on Board (FOB) price, commodity classification codes (CCC codes), destination countries, and statistic quantities and weights (net weight). In recent years, Customs has actively promoted customs clearance facilitation, resulting in a high percentage of declarations being processed through the “Bypass and no document review” channel (Channel 1).  Therefore, the accurate entry of each field in the declaration is closely related to the accuracy of trade statistics, and relies on the joint efforts of Customs, customs brokers, and exporters.
Customs Administration pointed out that, according to the Manual of Advance Cargo Clearance System – Export Chapter (hereinafter referred to as The Manual of Clearance – Export Chapter), Field 40 of the export declaration form should be filled with “FOB price (New Taiwan Dollar).” This value is calculated by multiplying the FOB price amount of the goods stated in the export license, invoice, or other value certificate by the foreign currency exchange rate.
To improve the accuracy of FOB (Free On Board) export price statistics, Customs Administration has compiled the following recent cases of errors in FOB export price declarations as a reminder to customs brokers and exporters:
1. Currency errors or misplaced decimal points/thousands separators: For example, misentering a unit price of 12.345 as 12,345, which results in the FOB price of exported goods being overreported by 1,000 times.
2. Incorrect declaration of valuation for processing-trade exports (for cases where only a processing fee is charged): According to The Manual of  Clearance – Export Chapter, the FOB price in such cases should be the CIF (Cost, Insurance, and Freight) price of the original import declaration plus the processing fee, and the processing fee should be filled in the other declaration items in Field 46 of the export declaration. If the import price or processing fee is incorrectly filled in during the declaration, it will result in an error in the declaration of the FOB price of the exported goods.
To ensure the accuracy of export trade statistics, Customs Administration, Ministry of Finance urges customs brokers and exporters to pay attention to the above cases, accurately declare export FOB prices, and proactively apply for corrections if errors are found after customs declaration.

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