Lorman offers professional resources regarding COVID-19 and the 2020 Elections

Show navigation

Available in:

MP3 Download
OnDemand Course

Valuing Your Imports for U.S. Customs Entry

Explore the basic rules of proper United States customs valuation, common errors, and how to avoid risks.

As a result of the trade wars there has been significant increases in tariffs on imports. Because tariffs are applied based on the value of imports it is critical that companies understand how to properly value their imports under U.S. customs laws. Using improper values may lead to draconian audits, enforcement actions and penalties imposed by U.S. Customs and Border Protection. However, smart importers structure their transactions to reduce U.S. customs values, creating significant cost savings from reduced tariffs. This topic will explore the basic rules of proper U.S. customs valuation, common errors, how to avoid risks, and how to minimize U.S. customs value to maximize your company's profits.

Runtime: 93 minutes
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Basic U.S. Customs Value Rules and Methods

Required Additions to U.S. Customs Value

Possible Deductions From U.S. Customs Value

Interplay Between Tax and Customs Values in Related Party Transactions

Common Valuation Errors and Penalties

Responding to U.S. Customs Requests, Audits and Enforcement Actions

Strategies to Reduce Customs Duties Using Lower U.S. Customs Values (e.g., First Sale Rule)

Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

This course was last revised on September 16, 2020.

Call 1-866-352-9540 for further credit information.

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

John B. Brew

John B. Brew

Crowell & Moring, LLP

  • Co-chair of Crowell & Moring, LLP's International Trade Group and focuses his practice in the area of customs
  • Regularly advises corporations on matters involving customs administration, enforcement, compliance, litigation, legislation and policy
  • Represents clients in proceedings at the administrative and judicial levels, as well as before Congress and the international bureaucracies that handle customs and trade matters
  • Advises clients on all substantive import regulatory issues handled by U.S. Customs and Border Protection, and Homeland Security Investigations
  • Has assisted clients in a broad array of industries providing creative solutions that enable clients to obtain duty savings and mitigate customs penalties
  • Co-editor and author for the ABA’s International Practitioner’s Deskbook, “U.S. Customs: A Practitioner’s Guide to Principles, Processes and Procedure,” and he is an editor of the Kluwer Law International Global Trade and Customs Journal
  • Recognized by Chambers Global and Chambers USA in the area of International Trade: Customs (Band 1), Best Lawyers in America in the area of International Trade and Finance Law, and Who’s Who Legal in the area of Trade and Customs; in 2020, he received the Lexology Client Choice Award (International Trade – United States)
  • Graduate, Bucknell University and The Dickinson School of Law, Pennsylvania State University
  • Can be contacted at [email protected] or https://www.crowell.com/professionals/john-brew
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405552
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!