Customs Valuation 101
All imported merchandise must be appraised for purposes of determining duty, taxes, and fees as well as for purpose of gathering economic data used by world governments to compile trade statistics. Importers are required to use reasonable care in reporting the proper valuation of merchandise to Customs at the time of entry. This course provides the basics concepts and terminology of customs valuation to aid importers and brokers in meeting their reasonable care obligations and also provides information useful to buyers and finance staff in understanding how customs valuation can impact a company’s bottom line.
- Valuation Tools
- Methods of Valuation
- Components of Valuation
- Dutiable and Non-Dutiable Determinations
- Commercial Invoice
- Process of Valuation
DAVID E. COHEN is a member of Sandler, Travis & Rosenberg, P.A., resident in its Washington, D.C., office. He is also a member of the Firm's Operating Committee. Mr. Cohen's practice focuses on providing strategic advice to a wide range of clients on international trade and customs law matters including valuation, preference programs and customs audits. In particular, he assists companies in structuring multi-tiered transactions to maximize lawful duty savings transactions. Mr. Cohen also works closely with the firm’s Trade Negotiations and Legislative Affairs practice on issues such as the development and implementation of trade laws and regulations and representation of client interests before federal agencies and judicial bodies.