De Minimis values are used in the context of international shipping. They are a valuation ceiling for imports below which no tax or duties are charged and the clearance procedures are minimal.
If you’re planning to ship internationally, you might want to understand the details around various terms related to international shipping. One such term is De Minimis. De Minimis comes as a relief when one of the biggest concerns in international shipping is customs duty.
Therefore, De Minimis includes specific values up to which no import duties or taxes are collected by the seller. This means goods valued below the De Minimis value don’t require any collection of taxes or duties from the sellers. De Minimis values are specific to a country and are subject to change from time to time.