Global Customs Valuation
Whitaker & Baxter Campaigns, 1939
Trade and Tariffs – Why?
Mapa Mundi - Hanns Rust ca. 1480
Chile - Argentina
Photo by Jan Hoffman
Territory
• 5%Ad valorem
• $5 per kgSpecific
• 10% + $2 per kgCompound
• 10% or $2 per kg, whichever is higherMixed
• 8.3% + EA MAX 18.7% + AD S/Z“Technical”
Duties
Customs Valuation Methods
Transaction Value
Related parties
Closed SystemBy Ho Siu Kee
Keynotes on CV and TP
Customs Valuation and Transfer Pricing
Complainant:
Philippines
Respondent:
Thailand
Violation of
WTO CVA (OMC AVA): Art. 3, 1.1, 1.2, 4, 5, 6, 7, 10, 13, 16
GATT: Art. II:1(b), III:2, III:3, VII:1; VII:2, VII:5, X
WTO Dispute 371
• WCO TCCV Commentary 23.1
- Expression “Circumstances
Surrounding the Sale”
• WCO TCCV Commentary 4.1 –
Price Review Clauses
• WCO TCCV Case Study 10.1 –
Application of Article 1.2
• WCO TCCV Case Study
14.1 – TP TNMM
BEPS and Customs Valuation
Europe Union Customs Code UCC
• First Sale - Last Sale
Currency undervaluation is equal to goods undervaluation, except that it is done by the state.
Thank you
ObrigadoLeonardo Macedo
Senior Customs Officer / WCO Accredited Expert
[email protected]