French/English interpretation
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,
Luximan BABAJEE, Technical Officer, Valuation Sub-Directorate, WCO Tariff and Trade Affairs Directorate,
Benson Lim, Technical Attaché WCO Tariff and Trade Affairs Directorate
External Experts:
WTO Representative
Day 1 – 20 June 2017 |
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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 |
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
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11:00 – 11:30 |
Tea/Coffee Break |
Session II: Transaction Value – Article 1 |
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11:30 – 13:00 |
Article 1 · Provisions of Article 1
Article 8 Adjustments · Assists · Royalty and licence fees, including software
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13:00 – 14:30 |
Lunch |
Session III: Related Party Transaction |
14:30 – 15:30 |
· Related Party transactions · Transfer pricing · Use of Transfer Pricing Study documentation in Customs Valuation
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15:30 – 16:00 |
Tea/Coffee Break |
Session IV: Challenge of Customs Determination |
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16:00 – 17:30 |
Right of Appeal · Article 11
Dispute Settlement (WTO input) · Article 19
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