Bulletproofing Your First Sale Program Against CBP’s Increased Enforcement
Webinar: 1 CCS Credit
U.S. Customs and Border Protection is increasing its scrutiny of transactions under the first sale rule, which saves importers millions of dollars each year. This one-hour webinar will help importers utilizing first sale determine whether their operations could withstand a CBP review.
- overview of first sale valuation and first sale rule
- areas most likely to be scrutinized in a first sale audit (e.g., transfer of title, risk of loss, related party pricing, assist valuation, etc.)
- evaluating the adequacy of internal controls and procedures
- determining whether your suppliers are candidates for first sale maintenance
- benefits of annual certifications of first sale transactions
- taking full advantage of all cost saving opportunities available through a first sale program
Mark Segrist is a member of Sandler, Travis & Rosenberg, P.A., resident in the Chicago office. His practice is focused primarily on import and export trade law and assisting clients in acquiring duty-saving benefits under the First Sale Rule. With regard to imports, Mr. Segrist’s practice focuses primarily on providing strategic advice and counsel to a wide range of multinational clients on international trade and customs law matters.
Mark Tallo is a Member in the Import and Export Practice Group of Sandler, Travis & Rosenberg, P.A., resident in the Washington, D.C., office. His practice areas include customs, import and export compliance, and international anti-corruption measures such as the Foreign Corrupt Practices Act as well as advising clients on duty savings opportunities through the First Sale Rule and U.S. preference programs, including the Generalized System of Preferences and bilateral and regional free trade agreements.