Customs Entry Reconciliation Program - Valuation Errors and Penalties

Instructor: Raymond Sullivan
Product ID: 704815
  • 15
  • December 2016
  • 11:00 AM PST | 02:00 PM EST
    Duration: 60 Min

Live Online Training
December 15, Thursday 11:00 AM PST | 02:00 PM EST
Duration: 60 Min

One Dial-in One Attendee
Group-Max. 10 Attendees/Location
(For multiple locations contact Customer Care)

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section 48 hrs after completion of Live training

Training CD

One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days after completion of Live training

Customer Care

Fax: +1-650-963-2556


Read Frequently Asked Questions

This webinar will explains how to calculate the correct valuation on a product while importing from related party suppliers. Instructor will discuss how to document transactions for CBP process and to recognize valuation issues that may cause price adjustments after import. Participants will learn to avoid adverse consequences of declared valuation errors and what are the downsides to participation in reconciliation.

Why Should You Attend:

Importers purchasing product for import from related party suppliers; or, with unusual price structuring with their supplier, encounter particular difficulty at times determining a proper value for Customs’ purposes. This is due to circumstances of the sale or post entry price adjustments. Proper declaration of value, and support for the declared value, are essential to avoid either unduly high customs imposed values or possible penalties.

This webinar explains how to arrive at the correct valuation to avoid custom penalties.

Areas Covered in the Webinar:

  • Accuracy of the declared value at the time of entry.
  • Does the relationship with the seller create difficulties in ascertaining the price at the time of entry.
  • How do I establish with CBP that the price includes all elements of value.
  • Identifying and documenting post-entry alterations to value.
  • Awareness of assists or other valuation issues that may be obscure.
  • Retroactive price adjustments and other possible issues with payment terms.
  • Obtaining necessary support for FTA claims.

Who Will Benefit:

  • Import compliance professionals
  • Export compliance professionals
  • Trade professionals
  • Procurement managers
  • Logistics managers
  • Supply chain managers
  • In-house counsel
  • Customs brokers
  • All who are involved in international procurement

Instructor Profile:

Raymond F. Sullivan is an attorney with over 30 years of practice in customs law. His practice encompasses customs penalties, seizures audits and enforcement activities, as well as classification and valuation issues – including litigation of these issues. He regularly conducts evaluations of importer compliance systems and processes; and, has developed and implemented import compliance programs for a number of importers. Mr. Sullivan has written numerous articles on customs and international trade law; and, has served on Law 360’s International Trade Editorial Advisory Board.

Mr. Sullivan is a former import specialist and special agent with US Customs. He is a member of the bar in Maryland, New York and the District of Columbia; and, litigates matters before the US Court of International Trade.

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