Tag: Transaction Value

  • First Sale Valuation Consulting: Using an Earlier Transaction Price to Reduce Your Customs Duties

    Introduction: Paying Duty on the Right Price When goods pass through multiple intermediaries before reaching the U.S. importer, each transaction adds a markup. Under the default customs valuation rules, duties are assessed on the final transaction value: the price the U.S. importer pays to the foreign seller. But if there is an earlier sale in…

  • 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…