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CBFANC Educational Seminars & Events:
First Educational Session of 2010
Valuation Issues
and
How they affect your operations
Presented by
George Tuttle, III
Law Offices of George R. Tuttle
Join us for a half-day event in understanding Valuation Issues – George Tuttle III has practiced law for many years and specializes in Valuation issues. This presentation will facilitate your understanding of the many hurdles that brokers & importer face on a daily basis in their quest to properly handle valuation. Learn how to evaluate the issues which come across your desk and become more familiar with the elements of 19 CFR 152.
Learn how related party pricing can impact transaction value, how to substantiate Intercompany Pricing for transaction value purposes and how to participate effectively in Customs' entry reconciliation program for value issues.
Reasonable Care is more important than ever as Customs transitions from Informed Compliance to Enforced Compliance.
As part of this presentation –
402(f) methods of valuation
Learn the most recent Court Cases & Rulings
Where is the First Sale Rule today – updates & expectations
January 27, 2010 – Date confirming reconciliation as permanent CBP program
Valuation Topics
· What are Arms Length Transactions
· Meaning of Transaction Value
· Assists – How to Determine & Categorize
· Supplemental Payments for Non-Recurring Engineering Charges (NREs)
· Related Party Transactions
· Value of Returned Goods
· Value of No Charge Shipments
· How to Spot Red Flags on entry documentation
Reconciliation & Penalties
· Flagging & Reporting Reconciliation
· When to file Reconciliation
· Commercial Invoice Requirements
· Fines & Penalties for non-compliance of accurate valuation
· Prevent Penalties from happening
· Key Valuation Rulings & Court Decisions
When:
Wednesday, February 17, 2010
8:00 am – registration; 8:30 am to 12:00 pm – seminar
Cost:
Member Price: $65.00 Non-Member Price: $80.00
Where:
CITI GARDEN HOTEL
245 S. Airport Blvd., South San Francisco
Register By Monday, February 15th to obtain copies of All handouts
A $25 Late Registration will be charged after February 15th.
Click on Add to Shopping Cart below to Register
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Mentors – Step Forward !
Remember when you were just starting out? Remember that one person who helped you finding your way around the world of Customs and Freight Forwarding – Now it is YOUR turn to help new and budding brokers and forwarders.
The Accredited Certificate Program offered by Skyline College earns the student college credits towards their final degree - below you will find the list of topics covered in these classes. To read more about the program visit: http://www.bayarealogistics.org
11 students are currently looking for job shadow opportunities, they are in the intro class BUS.249.
To inquire about becoming a mentor, please contact Allison Mello at Skyline College by calling 650-738-7098 or send an email to melloa@smccd.edu . Below is a listing of our industry related courses now available from Skyline College.
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BUS.249 |
Introduction to International Logistics for Customs Brokers and Freight Forwarders |
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BUS.258 |
Customs Broker Services and Regulations |
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BUS.261 |
Customs Admissibility, Classification, Value and Entry |
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BUS 262 |
Introduction to International Forwarding and Cargo Transportation |
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BUS.263 |
U.S. Export and Destination Country Import Requirements; Foreign Collections |
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BUS.267 |
Ocean Forwarder & NVOCC - Registration, Operations and Work Flow |
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BUS.268 |
Air Forwarder Operations and Work-Flow |
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