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CBP proposes changes to related party valuation of imports subject to post-entry adjustments involving transfer pricing programs: transaction value and reconciliation likely to be affected

19 January 2012

Customs Alert

On 28 December 2011, U.S. Customs and Border Protection (CBP) moved a step closer to finalizing a new policy on the treatment of post-importation adjustments to prices in related-party sales and how they impact valuation of imported products. The new policy, first proposed in a 23 September 2011 CBP notice, would make it easier for related companies to use the transaction value method where advance pricing agreements or other objective criteria create an “objective formula” for post-entry adjustments (either downward or upward) to transaction price.

Read: "CBP proposes changes to related party valuation of imports subject to post-entry adjustments involving transfer pricing programs: transaction value and reconciliation likely to be affected"

The team

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