VAL: Value.
VALIDATED EXPORT LICENSE: A document issued by the U.S. Government authorizing the export of commodities for which written export authorization is required by law.
VALUATION: The appraisal of the worth of imported goods by customs officials to determine the amount of duty due in the importing country.
VALUATION CHARGES: Transportation charges assessed shippers who declare a value of goods higher than the value of carriers limits of liability.
VALUE ADDED TAX: An indirect tax on consumption that is levied at each discrete point in the production chain and distribution from raw materials to final consumption.
VES: Vessel.
VOLUNTARY TENDER: the unsolicited notice of and deposit of the probable amount of unpaid duties, which will be found due on the entry. It is initiated by the importer record or the actual owner. (19CFR, Sec. 141.104)