Develop a solid understanding of customs valuation; vital to ensuring your goods are tariffed correctly.
How and when you value your goods for customs will determine the level of duties/tariffs paid. In a volatile tariffs environment, comprehensive customs valuation not only ensures you remain compliant, but can be a useful part of a cost management strategy.
This course aligns with the World Trade Organization (WTO) Agreement on Customs Valuation which promotes a fair, consistent, and transparent valuation process. It highlights the importance of accurate valuation to support competitive fairness, prevent undervaluation and maintain compliance with international trade laws.
Gain a solid foundation of customs valuation methods from which to build international success.
This course is ideal for:
- Finance and procurement managers
- Trade compliance officers and trade specialists
- Business development
- Importers and customs brokers
- Tax and legal advisors handling import duties
Topics Covered
- US tariffs and UK exports
- Business impact of valuation accuracy
- Customs valuation methods
- Documentation framework
- Compliance tools and practices
