The Cabinet of Ministers has approved the "Rules on the Application of Customs Value Determination Methods," Azernews reports.

Prime Minister Ali Asadov signed a new decision to this effect.

According to the decision, the customs value of goods entering the customs territory will be determined using the following methods:

- with the bargain price of the goods;

- with the bargain price of the same goods;

- with the bargain price of similar goods;

- by the cost deduction method;

- by the method of value collection;

- by backup method.

The decision will come into effect 30 days after its approval.