Customs Valuation and Related Party Transactions - Transfer Pricing Documentation and Obligations


Instructor: Raymond Sullivan
Product ID: 704697

  • Duration: 60 Min
This training program will assist attendees in recognizing related-party valuation issues and discuss documenting the transaction for CBP purposes. It will further help attendees in identifying and documenting transactions that are subject to a transfer pricing agreement.
Last Recorded Date: Sep-2016


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Why Should You Attend:

Importers purchasing product for import from related party suppliers encounter particular scrutiny and difficulty getting a transaction value appraisement from CBP. 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 will discuss related-party valuation issues and best practices for documenting the transaction for CBP purposes. It will also focus on consequences of declared valuation errors and remedial measures if required and retroactive price adjustments and other possible issues with payment terms.

Learning Objectives:

  • Recognizing related-party valuation issues
  • Documenting the transaction for CBP purposes
  • Alternative ways of convincing CBP that your declared value represents transaction value
  • Consequences of declared valuation errors
  • Remedial measures if required
  • Evaluating the issue from the perspective of customs and from the perspective of an attorney

Areas Covered in the Webinar:

  • Is my supplier a related party?
  • Did the relationship influence the price paid or payable?
  • How do I establish with CBP that the price was arm’s length, notwithstanding the relationship?
  • Identifying and documenting transactions that are subject to a transfer pricing agreement
  • Awareness of assists or other valuation issues that may be obscure to an importing subsidiary
  • Retroactive price adjustments and other possible issues with payment terms

Who Will Benefit:

  • Import Compliance Professionals
  • Export Compliance professionals
  • Logistics Managers
  • Supply Chain Managers
  • Contract Managers
  • Legal & Administrators
  • In-House Counsel
  • Customs Brokers
  • International Procurement Personnel
  • Shipping Personnel
  • Freight Forwarders

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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Refund Policy

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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