Customs Entry Reconciliation Program - Valuation Errors and Penalties


Instructor: Raymond Sullivan
Product ID: 704815

  • Duration: 60 Min
This webinar will explain 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.
Last Recorded Date: Dec-2016


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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 Sullivan

Raymond Sullivan
Principal and Founder, Law Offices of Rayond F Sullivan

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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Our refund policy is governed by individual products and services refund policy mentioned against each of offerings. However in absence of specific refund policy of an offering below refund policy will be effective.
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. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).




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