In the dynamic and often unpredictable world of international trade, managing tariff costs is a critical concern for companies. This article provides a high-level guide to help businesses navigate ...

Countries regulate and tax imported goods through the customs duties they impose at their ports of entry. According to the World Trade Association, a hierarchy of techniques exists to determine the ...

As tariffs on goods imported into the United States keep changing, the interplay between customs values and transfer pricing has become more significant. Taxpayers with established transfer prices may ...

While customs authorities often justify stricter scrutiny as a safeguard against under-invoicing, global norms prescribe assessment based on transaction value, with penalties imposed in proven cases ...

For several years, the Canada Border Services Agency (CBSA) has sought to limit the ability of non-resident importers to self-assess duties, surtaxes and other taxes on imported goods based on their ...

Directorate General Customs Valuation (DGCV) on Friday revised the customs value of Aluminum utensils under section 25-A of the Customs Act, 1969. According to details, the Directorate earlier issued ...

The Tribunal held that customs authorities cannot discard the declared export price without valid reasons or evidence. Transaction value supported by invoices and BRC must normally be ...

Nigeria Customs Service (NCS) has dispelled market speculation over foreign exchange rates used for cargo valuation, insisting that it applies only official rates supplied by the Central Bank of ...

The directorate stated that the existing Valuation Ruling was more than one and a half years old and the Customs values determined therein were no longer reflective of the international market ...

The Kenya Revenue Authority (KRA) is now at the centre of a surge in disputes over customs valuation, with claims amounting to millions of shillings from various companies in import duties. As Kenya's ...

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