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Seminar Summary:

Learn the difference between commercial value and customs value, requirement for a Customs Valuation System, customs value methods, more. (see full course description)

 
 
 

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Training Course Syllabus:


How to Determine the Customs Value Webinar

Time: 11:30 AM PDT, 02:30 PM EDT

Duration: 90 Minutes

Instructor: Linda B Sarabia


Description:

Importers are required to WCO Customs Value System for the valuation of imported merchandise so that Customs can properly assess duties. We will analyze the difference between commercial value and customs value; the six valuation methods and how to apply them, what makes a good commercial invoice, and what charges can be deducted from the dutiable value. We will also discuss the new information requirements for goods being imported into Mexico, to be enforced on January 2016.

Why Should you Attend:

Due to the changes that has suffered the customs legislation in recent dates, now more than ever it is essential to identify the valuation method applicable for each one of the import operations performed by the importers, as well as its proper application. Through a dynamic presentation and the use of practical examples, the participant will correctly determine the taxable base taking into consideration the specific elements of each operation.

For importers, the process of estimating the value of a product at customs presents problems that can be just as serious as the actual duty rate charged. The WTO agreement on customs valuation aims for a fair, uniform and neutral system for the valuation of goods for customs purposes - a system that conforms to commercial realities, and which outlaws the use of arbitrary or fictitious customs values. The Committee on Customs Valuation of the Council for Trade in Goods (CGT) carries out work in the WTO on customs valuation.

Objectives of the Presentation:


  • Difference between commercial value and customs value

  • Why a Customs Valuation System

  • How to determine the customs value

  • The customs value methods

  • Charges that can be deducted from the Customs Value

  • Elements of the Customs Value spreadsheet

  • Elements of the commercial invoice required by the Mexican Customs Law



Seminar Summary:

Learn the difference between commercial value and customs value, requirement for a Customs Valuation System, customs value methods, more. (see full course description)

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