To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In the dynamic and often unpredictable world of ...

The Court of Justice of the European Union (“Court”) just released its judgement in Case C-1/18 Oribalt Riga concerning the customs valuation methodologies applicable to generic medicines in the ...

Countries regulate and tax imported goods through the customs duties they impose at their ports of entry. According to the World Trade Association, a hierarchy of techniques exists to determine the ...

To support the use of transfer pricing studies as an aid in establishing that prices paid or payable are not influenced by the relationship between vendor and purchaser, the World Customs Organization ...

As most multinationals that import goods know well, setting cross-border intercompany transfer prices between U.S. and foreign affiliates poses both income tax and customs valuation issues. More often ...

Companies that import goods from other countries pay a customs duty at the entry port. The duty amount might depend on the value of the imported goods. The World Trade Organization has established a ...

While customs authorities often justify stricter scrutiny as a safeguard against under-invoicing, global norms prescribe assessment based on transaction value, with penalties imposed in proven cases ...

In contrast with the special provisions under Article 20.1, 20.2, Annex III: 1 & Annex III: 2, Annex III:3 & 4 are permanent exceptions if Members consented to the reservation. Members who made a ...

The Directorate General Customs Valuation (DGCV) has revised the customs value of Canvas Water Discharge Hose under section 25(7) of the Customs Act, 1969. According to details, a representation was ...

The Kenya Revenue Authority (KRA) is now at the centre of a surge in disputes over customs valuation, with claims amounting to millions of shillings from various companies in import duties. As Kenya’s ...