Customs Valuation of Waste for Development of the Circular Economy

Besusparienė Erika () and Bielskienė Monika ()
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Besusparienė Erika: Assoc. Prof. Dr., Vytautas Magnus University, K. Donelaičio st. 58, 44248, Kaunas, Lithuania
Bielskienė Monika: PhD candidate, Vytautas Magnus University, Kaunas, Lithuania

Management Theory and Studies for Rural Business and Infrastructure Development, 2023, vol. 45, issue 3, 221-232

Abstract: Waste becomes a renewable resource, and its low transaction value raises doubts about the calculation of import duties. Inadequately regulated international trade of waste does not correspond to the circular economy concept. The present research aims to present a theoretical model of customs valuation of waste in the context of the circular economy. In the present research were applied scientific literature analysis, comparison, synthesis, deduction methods, and prepared theoretical model. In the theoretical model of customs valuation of waste, two alternatives for determining the customs value were proposed, taking into account the selected waste management policy of the country.

Keywords: circular economy; customs; fallback method; transaction value; waste valuation; waste export; waste import (search for similar items in EconPapers)
JEL-codes: H23 Q27 Q53 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:mtrbid:v:45:y:2023:i:3:p:221-232:n:2

DOI: 10.15544/mts.2023.22

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