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Definition: |
The total monetary amount goods value of invoiced trade items. |
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GDD Name: |
totalGoodsValue |
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GDD Definition: |
Total amount calculated as sales price - special excise tax. Required for products to which special excise tax applies, such as cigarettes, fuel or alcohol. |
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Usage: |
The total invoice goods monetary amount value is for information only and should not be used in any calculation of other monetary amounts.
The total invoice goods monetary amount value can be used by the buyer to check any specified allowance monetary amounts.
Relevant in some markets for invoiced products, such as tobacco products and alcoholic beverages, which are subject to excise duty. |
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Usage rule: |
The total invoice goods monetary amount value of the invoiced trade items is the monetary amount summation calculated using the price according to the manufacturer for each invoiced trade item multiplied by the invoiced quantity for each invoiced trade item excluding all tax monetary amounts. |
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Remark: |
The total invoice goods monetary amount value is excluding all taxes such as excise tax and taxes applicable to the sales transaction, such as sales tax, goods and services tax (GST) and value added tax (VAT).
The price used for the calculation is according to the manufacturer and exclusive of all taxes such as excise tax and taxes applicable to the sales transaction, such as sales tax, goods and services tax (GST) and value added tax (VAT). |
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