WTO Valuation Code - FSFE, DDP, DDU and More

Why Should You Attend:

This webinar will focus on the basic rules used to value goods upon importation to most countries today. The WTO Valuation Code applies a series of valuation methodologies which differ from valuation methods used by, e.g., the U.S. Internal Revenue Service. Statutory additions and subtractions from value will be addressed. Proper transfer pricing practices will also be discussed, which will help ensure that your company’s related party sourcing is not called into question by customs.

This program will describe various valuation and transaction strategies to help participants evaluate which method will result in the lowest duty paid when your goods cross the border.

Learning Objectives:

• Learning how to properly value products
• Mastering internal information process to ensure correct and up-to-date information flows within your organization to ensure valuation is correct
• Designing compliance procedures which will ensure continued valuation success
• Mastering alternate valuation methodologies
• Ensuring that your company uses reasonable care in all aspects of its import compliance program

Areas Covered in the Webinar:

• Structure of the WTO Valuation Code
• Valuation methodologies
• Additions and subtractions from declared value
• First sale valuation in U.S., Canada, and Europe
• Foreign-based importing and DDP pricing
• Audit tips and compliance strategies
• Corporate strategies to ensure valuation compliance in case of audit
• Valuation and reasonable care

Who Will Benefit:

• Trade/import analysts and specialists
• Accountants
• Customer managers
• Product engineers
• In-house lawyers
• General counsel
• Compliance directors
• Import specialists
• Import compliance managers
• Import managers
• Global trade compliance managers

Instructor Profile:

Chris Pey is an import/export attorney with over twenty years’ experience advising clients on how best to import their goods into the United States. He has helped clients manage the legal pitfalls of importing into the U.S., and has litigated over a dozen cases involving classification of goods coming into the U.S. His clients range from Fortune 100 companies to small businesses.

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