2017 Knowledge Academy
 

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

Session I: Introduction and refresher on high level principles of the WTO Valuation Agreement

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

 

11:00 – 11:30

Tea/Coffee Break

Session II: Transaction Value – Article 1

11:30 – 13:00

Article 1

·         Provisions of Article 1

 

Article 8 Adjustments

·         Assists

·         Royalty and licence fees, including software

 

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

 

15:30 – 16:00

Tea/Coffee Break

Session IV: Challenge of Customs Determination

16:00 – 17:30

Right of Appeal

·         Article 11

 

Dispute Settlement  (WTO input)

·         Article 19