Trade Compliance Education and Development

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Image: Customs Valuation Seminar


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

Type: In-class seminar
Name: Customs Valuation
Date: Thursday, May 10, 2018
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)

Are you responsible for your company's customs compliance into Canada or the United States? If you are familiar with international trade then you likely know that customs valuation is only one of the many complex aspects of importing and exporting that you must consider. With so many rules surrounding each method of valuation (or appraisement) it is difficult to know which is the correct one to apply. The CBSA, CRA, CBP and IRS are completely separate government agencies that at times value goods differently than one another; therefore, in this seminar you will be walked through the definitions of each of the six methods including real-life applications for them.

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

Your Questions

  • What is customs valuation?
  • What methods of valuation are there?
  • What is transaction value?
  • How do I figure out what method of valuation to use?
  • What does price paid or payable mean?
  • What is a related party transaction?
  • What does reason to believe mean?
  • What is a first sale?

Attendee Comments

 "Deepened my knowledge of general info and especially on AMPS and amendments timeline."   - Christopher 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.

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