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Customs Valuation Basics
Length: 50 minutes
One of the most common mistakes in international trade is improper valuation. What standard should be used when valuing merchandise? Do you know what options are available to you and your business? How should a transaction value be determined? What restrictions are in place on valuation and alternative valuation methods? Is your business in compliance and what resources can you use to answer valuation and compliance questions? Join Luis F. Arandia, an international trade and customs attorney based in Dallas, Texas, as we explore the basics of customs valuation.
LEARNING OBJECTIVES:
- Overview of U.S. customs valuation law
- Reasonable care
- Methods of calculating transaction value
- Related party transactions
- Transfer pricing
- Alternative valuation methods
- Compliance questions
- CBP resources
PROGRAM LEVEL: Basic
PREREQUISITES: No prerequisites exist.
PREPARATION: No special preparation is needed.
Luis F. Arandia, JD, International Customs and Trade Attorney, Polsinelli
Luis F. Arandia, Jr. partners with clients to deliver responsive representation in a wide range of domestic and international franchise, supply chain and distribution matters. Luis’ practice focuses on customs laws and export controls, representing importers and exporters before several governmental agencies, including U.S. Customs and Border Protection, Department of Commerce, Department of State, and further agencies regulating international trade.
