Global Trade Compliance Series (Ep.2): The Value(s) of Proper Valuation on a Commercial Invoice
Any product, shipped to or received from anywhere in the world, has value. That value must be represented clearly and accurately on the Commercial Invoice accompanying any shipment. You will pay duties, taxes and tariffs based on the value of the shipment. There’s potentially big trouble lurking if the value is misrepresented. At best you’ll have to pony up more cash for duties; at worst you could be facing substantial fines and penalties — not to mention the damage it could do to your company’s reputation.
What You’ll Learn:
- What is product valuation (what it means)
- Why proper product valuation is important
- Methods for determining value of a product
- How product returns/refresh/repairs/configuration affect value
Hosts: Ryan Miller, VP of Global Marketing and Flash experts