Course Description
This comprehensive 5-day course provides in-depth knowledge of customs valuation principles, with a focus on transaction value. Participants will learn to apply WTO valuation methods, make necessary adjustments, and ensure compliance in international trade scenarios.
Learning Objectives
- Understand the WTO Customs Valuation Agreement and its application
- Master the transaction value method and its adjustments
- Apply alternative valuation methods when transaction value is not applicable
- Analyze complex valuation scenarios and make informed decisions
- Develop strategies to optimize import costs while ensuring compliance
Course Modules
Day 1: Introduction to Customs Valuation
- Overview of WTO Customs Valuation Agreement
- Importance of customs valuation in international trade
- Basic principles and concepts
- Hierarchy of valuation methods
Day 2: Transaction Value Method
- Definition and application of transaction value
- Price actually paid or payable
- Conditions for accepting transaction value
- Related party transactions
Day 3: Adjustments to Transaction Value
- Additions to the price paid or payable
- Deductions from the transaction value
- Treatment of royalties and license fees
- Assists and indirect payments
Day 4: Alternative Valuation Methods
- Identical and similar goods methods
- Deductive value method
- Computed value method
- Fallback method
Day 5: Practical Application and Case Studies
- Complex valuation scenarios
- Customs valuation documentation
- Valuation audits and disputes
- Strategies for optimizing import costs
Practical Wins for Participants
- Confidently determine customs value for various import scenarios
- Identify opportunities to reduce duty liability through proper valuation
- Improve compliance and minimize risks in customs declarations
- Enhance decision-making in international procurement and pricing strategies
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
