Trade Compliance Education and Development

« Back to Seminar List

Register Now

Image: Customs Valuation Seminar


Image: CSCB and NEI logosExplore Transaction, Deductive and Residual Value

Type: In-class seminar
Name: Customs Valuation
Date: Thursday, September 14, 2017
Place: Pacific Customs Brokers, 17637 1st Avenue, Surrey, BC
Presenter: April Collier
Time: 9:00 am - 2:00 pm PT
Fee: $157 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.

Register Now