the correct value of goods is critical to the customs entry process. By law (19 U.S.C.
§1484), the importer is responsible for using reasonable care
to enter, classify
and value imported merchandise, and for providing information necessary
for Customs to properly assess duties, collect trade statistics
and determine whether all other applicable legal requirements have
use of the incorrect basis of valuation, or the omission of additional
payments or the value of an assist can result in the assessment
of increased duties and the imposition of penalties
against the importer.
are several methods of valuing imported goods, such as transaction
value, deductive value, and computed value.
In addition, there can also be additions to the value of
imported merchandise for indirect payments, assists, and commissions
that are not included in the selling price.
Tuttle Law Offices assists importers to determine the correct declared
value for merchandise and avoid costly penalties.
In addition, importers can achieve significant savings by
reductions in duty through the revaluation of imported goods.
Tuttle Law Offices also assists importers in the preparation and
submission of binding rulings to Customs to confirm the correct
basis of valuation of merchandise, and, if the merchandise is subject
to a post importation value increase, challenge that increase though
the administrative protest procedure. We litigate value issues before
the Court of International Trade whenever necessary to ensure that
our clients are treated fairly by Customs.
information on Customs valuation can be found by clicking on any
of the following topics:
- Use of the "First Sale Rule" for Customs Valuation of U.S. Imports
April 5, 2022
- WCO Publishes Its Second Case Study on Transfer Pricing and its Impact on Customs Valuation
November 6, 2017
- Customs Related Party Valuation Part II: What’s an Importer to Do?
May 19, 2016
- Entries Without Proper Commercial Invoices
May 4, 2016
- Using Transfer Pricing Studies to Validate Transaction Value for Related-Party Imports
March 24, 2016
- When are Payments for Services Provided Abroad a Part of
the Customs Value of Imported Merchandise?
May 15, 2013
- CBP Revises Policy on
Transaction Value for Related
August 16, 2012
- CBP Withdraws Proposed
Interpretation Of Phrase “Sold
For Export To The United
September 28, 2010
- CBP Clarifies Declaration Requirements For Imports Under “First Sale Rule” And Delays Implementation Until September 20, 2008
August 27, 2008
- Customs Proposes Elimination of The “First-Sale Rule”
For Purposes Of Determining Transaction Value
January 29, 2008
- Court Fines Importer $7.5 Million for Failure to Disclose "Provisional" Invoice Prices To Customs
October 18, 2007
- Are Your Royalties Or License Fee Payments Dutiable?
October 2, 2007
- "Customs Issues Informed Compliance Publication On Related Party Valuation For Customs Purposes"
May 21, 2007
- "Customs Rules That The Value Of An Assist Must Include Royalty & License Fee Payments" November 5, 2004
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