Getting Customs Valuation Right: How to Apply Core Requirements and Valuation Methodologies
Stephanie Norris
Customs Enterprise Standards Project Leader
General Electric (Washington, DC)
Matt Nakachi
Partner
Junker & Nakachi (San Francisco, CA)
- How to determine the correct value of goods and avoid common valuation errors
- Examining transaction value
- Case study: How to go through the valuation process using transaction value
- Defining a “related party transaction”
- When not to use transaction value
- Making sense of the other five valuation methodologies and when they should be applied (transaction value of identical merchandise, transaction value of similar merchandise, deductive value, computed value, derivative method)
- Understanding assists, royalties and other additions as part of the dutiable value
- Identifying the different types of deductions and how deductions are determined
- What you need to prove eligibility for a deduction
- Review of sample invoices: How to identify and correct mistakes before it’s too late
- How to handle valuation of a product imported for repair