Customs Brokers & Forwarders Association of Northern California

--Stop the Presses--
Important Notice from CBFANC


First Educational Session of 2010
Valuation Issues
and
How They Affect Your Operations


Presented by
George Tuttle, III
Law Offices of George R. Tuttle

Join us for a half-day event in understanding Valuation Issues – George Tuttle III has practiced law for many years and specializes in valuation issues. This presentation will facilitate your understanding of the many hurdles that brokers & importer face on a daily basis in their quest to properly handle valuation. Learn how to evaluate the issues which come across your desk and become more familiar with the elements of 19 CFR 152.

Learn how related party pricing can impact transaction value, how to substantiate Intercompany pricing for transaction value purposes and how to participate effectively in Customs' entry reconciliation program for value issues.

Reasonable Care is more important than ever as Customs transitions from Informed Compliance to Enforced Compliance.

As part of this presentation –

  • 402(f) methods of valuation
  • Learn the most recent Court Cases & Rulings
  • Where is the First Sale Rule today – updates & expectations
  • January 27, 2010 – Date confirming reconciliation as permanent CBP program

 

 

Valuation Topics

  • What are Arms Length Transactions
  • Meaning of Transaction Value
  • Assists – How to Determine & Categorize
  • Supplemental Payments for Non-Recurring Engineering Charges (NREs)
  • Related Party Transactions
  • Value of Returned Goods
  • Value of No Charge Shipments
  • How to Spot Red Flags on entry documentation

 

Reconciliation  & Penalties

  • Flagging & Reporting Reconciliation
  • When to file Reconciliation
  • Commercial Invoice Requirements
  • Fines & Penalties for non-compliance of accurate valuation
  • Prevent Penalties from happening
  • Key Valuation Rulings & Court Decisions

 

 

When:
Wednesday, February 17, 2010
8:00 am - registration; 8:30 am to 12:00 pm – seminar

Cost:
Member Price: $65.00   Non-Member Price: $80.00

Where:
CITI GARDEN HOTEL
245 S. Airport Blvd., South San Francisco

Register By Monday, February 15th to obtain copies of All handouts
A $25 Late Registration will be charged after February 15th.

Click here to Register now!

Click here to visit www.cbfanc.org