US: ELIMINATING NON-DUTIABLE CHARGES FROM CUSTOMS VALUE

On 26 July, an article in Global Trade Magazine says that the customs value is used to calculate duty liability of imports.  To determine an accurate customs value, companies must factor in certain dutiable additions and non-dutiable deductions. It highlights 8 oft-overlooked non-dutiable elements, saying that historically, these savings opportunities have not been fully explored because the resources required to sustain some of these programs exceeded the savings. However, removing these non-dutiable costs can provide substantial savings – making it worth taking a second look at them for many importers.

https://www.globaltrademag.com/eliminating-non-dutiable-charges-from-customs-value/

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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