This training program will assist attendees in recognizing related-party valuation issues and discuss documenting the transaction for CBP purposes. It will further help attendees in identifying and documenting transactions that are subject to a transfer pricing agreement.
This webinar will discuss related-party valuation issues and best practices for documenting the transaction for CBP purposes. It will also focus on consequences of declared valuation errors and remedial measures if required and retroactive price adjustments and other possible issues with payment terms.
Did the relationship influence the price paid or payable?
How do I establish with CBP that the price was arm’s length, notwithstanding the relationship?
Why Should You Attend:
Importers purchasing product for import from related party suppliers encounter particular scrutiny and difficulty getting a transaction value appraisement from CBP. Proper declaration of value, and support for the declared value, are essential to avoid either unduly high customs imposed values or possible penalties.This webinar will discuss related-party valuation issues and best practices for documenting the transaction for CBP purposes. It will also focus on consequences of declared valuation errors and remedial measures if required and retroactive price adjustments and other possible issues with payment terms.
Learning Objectives:
- Recognizing related-party valuation issues
- Documenting the transaction for CBP purposes
- Alternative ways of convincing CBP that your declared value represents transaction value
- Consequences of declared valuation errors
- Remedial measures if required
- Evaluating the issue from the perspective of customs and from the perspective of an attorney
Areas Covered in the Webinar:
Is my supplier a related party?Did the relationship influence the price paid or payable?
How do I establish with CBP that the price was arm’s length, notwithstanding the relationship?
- Identifying and documenting transactions that are subject to a transfer pricing agreement
- Awareness of assists or other valuation issues that may be obscure to an importing subsidiary
- Retroactive price adjustments and other possible issues with payment terms
Who Will Benefit:
- Import Compliance Professionals
- Export Compliance professionals
- Logistics Managers
- Supply Chain Managers
- Contract Managers
- Legal & Administrators
- In-House Counsel
- Customs Brokers
- International Procurement Personnel
- Shipping Personnel
- Freight Forwarders
Course Provider
Raymond Sullivan,
