Course Summary:
Customs valuation is the process of assigning a monetary value to an imported good for purposes of collecting revenue, protecting tariff concessions, and implementing trade policy. The CE practitioner-level Global Customs Valuation for Import Practitioners course starts with an overview of the acceptable methods for determining customs value as set out by the General Agreement on Tariffs and Trade, then discusses each of those methods in detail. It is non-jurisdictional, designed to be used by practitioners in any country.
Learning Objectives:
Provide the learner with the ability to understand, monitor, analyse, and support their organisation's global customs valuation policies; advise other functional groups on customs valuation issues; and assist other functional groups in the development and implementation of customs valuation procedures.
Target Audience:
Import compliance professionals – regardless of the country in which they work – who have some practical experience with the importation of goods and their valuation
Course Outline:
- Global Customs Valuation for Import Practitioners
Welcome and Introduction
Course Overview
Legal Framework of Customs Valuation - Methods for Determining Customs Value
Overview of Valuation Methods - Transaction Value
Price Actually Paid or Payable - Additions to Price Actually Paid or Payable
Payments to Certain Intermediaries
Product Packaging and Packing Costs
Assists
Royalties and Licence Fees
Proceeds of Resale, Disposal, or Use
Exclusions from Transaction Value
Limitations on the Use of Transaction Value
Transaction Value of Identical Goods
Transaction Value of Similar Goods
Deductive Value
Computed Value
Value If Other Values Cannot Be Determined or Used (Fallback Method)
Unacceptable Bases of Appraisement
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LCB/CCS Credits: 1
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