Events » Customs Valuation
The declaration of value, in the context of international trade, is one of the most important requirements for the movement of goods globally. This is true for both U.S. exports and imports. The WTO Agreement on Customs Valuation, agreed to in 1994, sets a global standard for valuation methodology. Most countries establish the basis of their required customs values on these global standards.
Join us on August 7th to learn about customs valuation methods. During the event, you will understand the elements that determine how the goods you export or import should be valued for Customs Duty purposes. You will understand Transaction Value and how to identify its elements: such as built-in freight, insurance, royalties, commissions, packing costs, and a deep dive into “assists”. You will also learn how Related parties can affect the Customs value of your international trade transactions.
Learn how to determine risks and establish the internal controls within your compliance program to reduce the possibility for adverse government actions based on your Customs valuation for both U.S. export declarations (export) and U.S. customs entries (import).
Sponsored by: OCHIM Trade Law
Wednesday, August 7, 2019
8:30 AM - 12:00 PM
Grand Rapids, MI