This Customs Valuation Guide offers a reminder of the importance of reviewing company financial data and the risks of failing to do so.
We recommend companies review their financial data minimally on an annual basis. For some importers, an end of year review might be the most appropriate depending on the industry cycles. A comprehensive Customs compliance program is an integrated balance of internal and external resources. A new or periodic review conducted by external resources with the combined perspective of Customs, CBP criteria and Rulings, supply chain, accounting, and auditing can identify any potential concerns before a Customs inquiry or audit.
To access the guide, click HERE.