Customs Valuation: Concepts & Transaction Value Mastery Event, 06.Apr.2025

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