Trade Compliance Education and Development

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Customs Valuation Seminar

CAD-USDExplore Transaction, Deductive and Residual Value

Event type: In-class seminar
Date: Thursday, May 11, 2017
Time: 9:00 am - 12:30 pm Pacific Time
Place: Pacific Customs Brokers, 17637 1st Avenue, Surrey, BC
Fee: $97 CAD plus GST (per attendee)


Determining the correct value to declare to customs can be a complex undertaking since both CBSA and CBP value goods differently than the CRA and IRS. The regulations that determine transaction value are a convoluted maze and we will guide you through it in this seminar. Particularly important to importers and exporters will be matters of related transactions, terms of sale, commissions and pertinent value declarations. Misdeclaring values with customs should be avoided at all cost.

Topics Include

  • Price paid or payable
  • Transaction value
  • Methods of appraisement / valuation
  • Deductions and additions
  • Related party transactions
  • First sale
  • What constitutes a sale?
  • Valuation pitfalls
  • Monetary penalties
  • Reasonable care
  • Reason to believe
  • Rulings

Attendee Comments

 "Deepened my knowledge of general info and especially on AMPS and amendments timeline."   - C. Danton, Warehouse and Distribution Manager, Jackpot Digital

Who Should Attend

Owners, Managers, Supervisors, Coordinators, Logistics and Accounting staff of companies:

  • Responsible for customs compliance
  • Confused on which valuation method is correct
  • Exhibiting reasonable care
  • Under review by customs

Additional Resources

Have questions or comments about this course? Call 888.538.1566 or email us today.

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