The customs value of an imported product has a direct impact on duties, taxes, and fees, so regular attention to how your company's transactions are structured, reported and appraised is vital. Transaction value – the price actually paid or payable for the goods when sold for export – is the preferred method across most of the world and includes a variety of costs, including commissions, assists, royalties, and license fees. Other valuation methodologies can sometimes be used but may involve complicated calculations. An incorrect valuation, or choosing the wrong methodology, can result in increased duty liability and even fines and penalties for failure to exercise reasonable care. Alternatively, using a favorable valuation methodology or duty savings strategy can streamline operations and lower costs.

Why Use ST&R’s Valuation Services

Tariff reduction: By properly valuing import transactions ST&R has helped clients lower their liability for import tariffs, including Section 301 tariffs on imports from China and Section 232 tariffs on imports of aluminum and steel products.

Cost savings: ST&R has experience in restructuring international transactions to lower dutiable value, including through the use of the first sale rule, transfer pricing adjustments, and other means.

Audits and investigations: ST&R helps companies under scrutiny from CBP to address gaps, document their compliance, and minimize negative consequences.


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