Q: How do exhibitors declare the value of their exhibits?
Answer: Exhibitors should declare the CIF value of exhibits completely and truthfully, so as to ensure smooth customs clearance in destination countries. Some countries have very strict requirements on the value of exhibits. If exhibitors intentionally underreport the value of goods, they will revalue the customs of the destination country and collect corresponding tariffs according to the final valuation, which may lead to delayed customs clearance and fines.
