About The Webinar
Every day, companies around the world enter into legal agreements, pay service fees or commissions, perform design, engineering, or other developmental functions, source and provide necessary materials to their suppliers, and/or pay for goods in a variety of ways. What often complicates such transactions, however, is not whether they occurred, but rather whether their value or cost must be added to the declared value of imported goods. This one-hour webinar will not only acquaint attendees with basic U.S. customs law valuation principles but also reinforce and familiarize companies with the five statutory additions to value: packing costs, commissions, assists, royalties & license fees, proceeds of a subsequent resale.
Speaker
MARK J. SEGRIST is a Partner, Advisory Committee with Sandler, Travis & Rosenberg, P.A., resident in the Portland, Maine 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 and other customs declared value-related initiatives. 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. He also has extensive experience assisting clients in properly structuring multi-tiered transactions to maximize lawful duty savings under the First Sale Rule.
Key Topics
- Background of U.S. customs valuation laws
- Valuation tools and resources
- Primary methods of appraisement
- Meaning of “total payment” and “when sold for exportation to U.S.”
- Understanding the five statutory additions to value
- How to apportion and declare additions to value
- Best practices for conducting reviews and declared value corrections
Please note we do not accept payment via American Express.
