Tag: Compliance Audit

  • Customs Valuation Consulting: Ensuring Accurate Declared Values

    Valuation Is the Foundation of Your Duty Calculation If classification determines the percentage rate, valuation determines the dollar amount to which that percentage is applied. Valuation errors affect every product at every duty rate and can be equally or more significant than classification errors. Understanding the Transaction Value Method The transaction value is the price…

  • Import Compliance Audit Services: How a Proactive Audit Protects Your Business

    The Case for Auditing Your Own Import Program A voluntary compliance audit identifies errors before the government does, giving you the opportunity to correct them through voluntary disclosure, which dramatically reduces penalty exposure. It also identifies overpayments that can be recovered through refund claims. What a Compliance Audit Covers Classification accuracy, valuation practices, country of…

  • Customs Compliance Consulting for Small Businesses: A Practical Guide to Getting It Right

    Why Customs Compliance Matters for Small Businesses If you run a small business that imports goods into the United States or Canada, customs compliance is not optional. The regulatory framework does not distinguish between a multinational corporation shipping ten thousand containers a year and a small business importing a single pallet. The same classification rules,…