Customs Valuation
5 - 6 July (1.5 days)
French/English interpretation
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 cover the trends and ongoing issues
being discussed at international level and the main challenges for Customs and
business in applying the Agreement. The course will also include valuation
issues relevant to multi-nationals, 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
Luximan BABAJEE, Technical Officer, Valuation Sub-Directorate, WCO Tariff and Trade Affairs Directorate
External Experts:
Melinda BROWN, Transfer Pricing Advisor, the OECD’s Centre for Tax Policy and Administration
Zhaokang JIANG, Managing Director, GTC Trade Services
WTO representative (TBC)
Private sector participants will receive a login to access the free e-learning module “Customs valuation, general principles” at the latest 10 days before the course starts. WCO Members can access the same material on the CLIKC! platform.
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Day 1 – Tuesday 5 July | |
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Session I: Introduction and refresher on high level principles of the WTO Valuation Agreement | |
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14:00 – 15:30 |
Content and objectives of the programme: WCO and TCCV: 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
WCO Revenue Package; the pathway to fair and efficient revenue collection · Overview · Good practices for development and use of a valuation database · Key messages for Customs officials and the business community
Facilitators: Ian Cremer and Luximan Babajee
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15:30 – 16:00 |
Coffee/Tea Networking Break |
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Session II: Transaction value | |
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16:00 – 17:30 |
· Recent and key instruments of the TCCV, including sale for export, withholding tax on royalties, etc. · Q & A
Facilitators: Ian Cremer and Luximan Babajee |
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Day 2 – Wednesday 6 July | |
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Session III: Customs valuation and global trade | |
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09:30 – 10:30 |
· A perspective on Customs valuation in global trade; · Ongoing issues discussed at a global level; · The role of the WTO Committee on Customs Valuation and Dispute Settlement Body within the WTO. · Q & A.
Facilitators: Ian Cremer and Luximan Babajee External Expert: WTO representative (TBC) |
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Session IV: Exercise on Customs valuation | |
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10:30 –11:00 |
Group exercise on how to determine the Customs value, followed by a plenary discussion
Facilitators: Ian Cremer and Luximan Babajee |
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11:00 – 11:30 |
Coffee/Tea Networking Break |
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Session IV: Exercise on Customs valuation (continuation) | |
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11:30 –12:30 |
Group exercise on how to determine the Customs value, followed by a plenary discussion
Facilitators: Ian Cremer and Luximan Babajee |
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12:30 – 14:00 |
Lunch |
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Session V: Customs valuation and transfer pricing | |
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14:00 – 15:30 |
Presentations and discussions on this key topic, background on the work conducted to date, including Commentary 23.1, and illustrative examples
Facilitators: Ian Cremer and Luximan Babajee External Expert: Melinda Brown, Zhaokang Jiang |
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15:30 – 16:00 |
Coffee/Tea Networking Break |
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Session VI: Summary and closing remarks | |
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16:00 – 17:30 |
· Q & A · Summing up
Facilitators: Ian Cremer and Luximan Babajee |
