Customs Valuation (1 day)
This course will take you through key aspects of the WTO Valuation Agreement and its central issues for Customs and business in global trade. It will start with a refresher on high level principles of Customs valuation, and look at the tools developed under the Revenue Package. Trends and ongoing issues being discussed at international level and the main challenges for Customs and business in applying the Agreement will be covered. The course will also include valuation issues relevant to multinationals, such as the relationship between Customs valuation and transfer pricing and royalties and licence fees.
Facilitators: Ian CREMER, Senior Technical Officer, Valuation Sub-Directorate, WCO Tariff and Trade Affairs Directorate, Benson LIM, Technical Attaché WCO Tariff and Trade Affairs Directorate.
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Session I: Introduction and refresher on high level principles of the WTO Valuation Agreement |
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9.30 – 11.00 |
Introductions and content and objectives of the programme
WCO and Technical Committee on Customs Valuation · Their role and activities in the area of Customs valuation
Background to Customs valuation · Refresher on high level principles of the WTO Valuation Agreement · Primacy of the transaction value · Trade facilitation provisions of the Agreement o WTO Decision 6.1
Introduction to the WCO Revenue Package – Valuation tools |
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11.00 11.30 |
Tea/Coffee Break |
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Session II: Transaction Value – Article 8 adjustments |
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11.30 – 13.00 |
· Royalty and licence fees o TCCV instruments |
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13.00 - 14.30 |
Lunch |
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Session III: Related Party Transactions and transfer pricing |
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14.30 – 15.30 |
· Related Party transactions o TCCV instruments · Introduction to transfer pricing · Use of Transfer Pricing Study documentation in Customs Valuation o TCCV instruments |
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15.30 – 16.00 |
Tea/Coffee Break |
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Session IV: Miscellaneous valuation issues |
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16.00 – 17.30 |
· Other technical cases · Etc. |
