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| Valuation & Reconciliation Services |
NEW NAFTA RULE of ORIGIN CHANGES
9/3/2009 NAFTA RULE OF ORIGIN changes effective October 1, 2009...
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FOCUS VALUE RECONCILIATION SERVICES
8/11/2009 FOCUS Valuation Reconciliation Services in high demand...
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Valuation & Reconciliation Services Customs valuation law is extremely complex. This area of customs management requires unique skills and experience to design and manage effective entry and post entry customs value reporting and reconciliation processes and systems. FOCUS helps clients design, implement, and manage effective customs value reporting and reconciliation processes and systems. Traditionally, valuation reviews by Customs Authorities uncover areas of valuation reporting non-compliance resulting in payments of additional duties for un-reported value adjustments that occured before or after importation. Reportable customs value adjustments can inlcude, where not included in the piece price and declared value of imported goods, such things:
- Packing costs
- Selling commissions
- Assists
- Royalties
- Proceeds of a subsequent resale
- Other indirect payments
FOCUS can help you identify assists and other valuation issues that affect the dutiable value of your imports. We help clients file appropriate prior disclosures and implement compliance improvement plans (CIPs) to effectively manage their customs value reporting obligations. If YOU need expert assistance with your valuation and reconciliation program management and compliance call FOCUS at 313 292 7000 ext. 291 or email at info@focus-solutions.net.
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