SML undertakes reliable and verifiable activities to arrive at current item prices of goods supplied by Exporters from various countries to importers in Ghana as the destination Country of imported goods. The prices that are verified externally, are made available to the Customs Division of Ghana Revenue Authority (GRA) through SML’s software called Transaction Value Assessment System – Transaction Price Database (TVAS-TPD) to aid its decision-making in the fair determination of the appropriate Customs value of imported goods.

The SML External Price Verification activities are multifaceted. Firstly, our advanced price data gathering system connects with external systems to collect quotation prices from a variety of six (6) sources for our clients. The prices collected are then scrutinized by our system to assess their accuracy, relevance, and timeliness.

Secondly, we obtain export level price quotations directly from manufacturers, suppliers, or exporters from various countries, for exports to Ghana as the importing country and, when necessary, the sub-region. Our TVAS-TPD software extracts appropriate pricing information from these quotations, a process enhanced by our technological proficiency and adherence to standard operations.

The SML External Price Verification provides a reliable platform for Customs to access current values of goods imported into Ghana. Values from SML’s External Price Verification are consistently up-to-date and adhere to the timelines sanctioned by the World Trade Organization (WTO) and Customs’ own procedures, ensuring utmost reliability.