Current Hot Topics in Customs Valuation

Instructor: George Tuttle
Product ID: 703458
  • Duration: 90 Min

recorded version

1x Person - Unlimited viewing for 6 Months
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Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Jun-2014

Training CD / USB Drive

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Read Frequently Asked Questions

This CBP compliance webinar will discuss how to identify critical areas of customs valuation that are often overlooked by importers and customs brokers. Attendees will learn best practices for avoiding costly investigations, audits as well as monetary penalties.

Why Should You Attend:

Declaring the correct customs value at the time of entry is critical for U.S. importers. Importers have a statutory obligation (19 U.S.C. § 1484) to declare the correct value of goods to U.S. Customs and Border Protection (CBP) at the time of entry, however, the rules on customs valuation can be confusing and complex in their application. The failure to declare the correct customs value can lead to unexpected increases in duties and fees, and monetary penalties. Errors in customs valuation can also lead to intrusive, and expense, audits by U.S. Customs that can stretch back for up to five years. Understanding the rules on customs valuation enables importers accurately determine landed costs and reduce duties and fees by correctly taking advantage of allowable reductions in entered values.

This webinar will help attendees understand and identify critical areas of customs valuation that are often overlooked and or misunderstood by importers and customs brokers. It will enable you to investigate and take appropriate correct action; avoid costly investigations, audits, and unexpected increases in duties and fees, as well as monetary penalties.

Areas Covered in the Webinar:

  • Acceptability of related party pricing for imports
  • Deductions in value for expenses incident to the international shipment of goods
  • Proper use of the “First Sale” rule for customs valuation
  • Customs treatment of payments for royalties & licenses fees
  • Identifying and reporting “assists,” “supplemental payments,” and packing costs
  • Treatment of price reductions and rebates
  • Reporting errors using prior disclosure and entry reconciliation

Who Will Benefit:

  • Importers
  • Exporters
  • Purchasing department personnel
  • Compliance officers
  • Logistics/Supply chain managers and analysts
  • Trade regulatory/legislative affairs professionals
  • Sales/marketing personnel
  • Training personnel
  • Consultants
  • International business operations

Instructor Profile:

George Tuttle, III is an attorney with the San Francisco law firm of George R Tuttle Law Offices ( ). He has more than 25 years’ experience advising clients on matters relating to customs and trade law, including tariff classification, valuation, dumping, country-of-origin, duty exemptions, IPR, NAFTA, FDA and FCC, prior disclosure, and resolution of penalty and seizure cases.

Mr. Tuttle works frequently with importers subject to Customs audits and assists them with participation in Customs’ Importer Self-assessment program; and in the development and implementation of internal controls over customs transactions. He has a diverse client base involving electronics, autos, apparel, footwear, telecommunication, biomedical and diagnostic instruments, as well as related party transfer pricing and its effects on customs value. He has successfully litigated several cases before the Court of International Trade regarding classification and value matters.

He is a frequent speaker and lecturer on customs law and trade matters for various trade groups and Customs brokers Associations.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

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