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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 Duration: 53 Minutes

Certificate of Completion: George Mason University

Course Outline

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
    • Summary 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

Conclusion

Additional Courses to Consider

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