Customs Valuation (Training)

About The Event

Master the art of customs valuation with our intensive four-hour live certificate course. Conducted online in real-time by a seasoned expert, this training is tailored to boost your professional skills and understanding. Gain vital insights and earn a certificate that underscores your commitment to compliance in valuation.

Why Does This Training Matter?

Customs valuation is vital for compliance and cost-effectiveness in global trade. Accurate valuation impacts customs duties, statistical reporting, and tariff applications. This course provides essential, up-to-date knowledge on valuation principles and practices, ensuring you remain competent and confident in your role. Focusing on the latest changes in customs procedures, this interactive training will prepare you well for practical challenges.

Training Objectives

• Gain a comprehensive understanding of WTO customs valuation rules. Learn the specific Articles and the six valuation methods essential for accurate goods assessment.
• Appreciate the role of valuation in international trade. Explore how customs duties, statistics, and tariffs influence business operations.
• Become familiar with various valuation methods. Understand techniques like the Transaction Price Principle and their practical applications.
• Grasp the impact of related party transactions and transfer pricing. Study the “Arm's Length Principle” and its significance in customs and taxation.

Who Will Most Benefit From This Course

• Customs Managers: Enhance your expertise in managing customs valuation to ensure adherence to global standards and compliance.
• Import and Export Professionals: Equip yourself with practical skills to accurately value goods, optimise processes, and handle customs efficiently.
• Customs Agents: Apply advanced valuation techniques and regulations to improve service quality and prevent disputes.
• Advisors and Consultants: Refresh your advisory skills with up-to-date valuation principles to provide well-informed guidance to clients.
• Sales, Supply Chain, Accounting/Finance, and Shipping Professionals: This course will help you understand valuation principles for effective cost management and operational compliance.

What We Will Cover In This Course

1. Introduction to Customs Value: Explore the core concept of customs valuation and its importance in international trade.
2. WTO Customs Valuation Agreement: Examine the agreement and its implications for customs practices.
3. Focus on the Transaction Valuation Method: Study the principal valuation method in detail.
4. Adjustments and Deductions: Understand what costs are included, “assists,” and necessary adjustments for valuation purposes and which are excluded.
5. Related Party Transactions: Understand the impact of related party transactions on custom value
6. Other Valuation Methods: Study methods such as Comparable Value, Deductive Method, and Computed Methods.
7. Transfer Pricing and Related Parties: Explore the “Arm's Length Principle” and OECD Guidelines.
8. Import Valuation Declarations: Get familiar with the requirements for import valuation declarations.
9. BVI and AVR: Understand what Advanced Valuation Rulings (AVR) and Binding Valuation Information (BVI) are and how this can help.

We'll explain any abbreviations and provide clear definitions to help you navigate the jargon. The course features interactive exercises to reinforce your understanding and a quiz to assess your grasp of the topic. We will have “Pause & Reflect” moments throughout the session to gauge your comprehension and encourage active participation. This course is thoroughly updated to reflect the latest customs procedures and includes comprehensive course notes and a detailed glossary of key terms.

What You Will Walk Away With

• In-depth Knowledge: Acquire practical insights into customs valuation that apply directly to your role.
• Certificate of Completion: Showcase your achievements and newly acquired skills with a formal certificate.
• Full Slide Deck: Access detailed slides and notes for future reference and training others.
• Supportive Materials: Receive glossaries, checklists, and additional aids to support your professional development.

Testimonials

“Arne's engaging approach made complex valuation concepts clear and manageable.” – Emma Rayner, Scott Safety.

“The training offered valuable insights into applying valuation principles in real-world scenarios.” – MacTaggart Scott.

Trainer/Instructor

Arne Mielken is a highly regarded customs and international trade expert with extensive practical experience. He combines his expertise with effective teaching techniques, having also served as an assistant teacher. For more about Arne, visit his biography at Arne Mielken's CV. To see his teaching style, visit our YouTube Channel. Arne is known for his dynamic teaching and is available to answer queries after training. If Arne is unavailable, one of his skilled colleagues may take his place.

Expected Outcomes

By the end of this training, participants will be able to:

• Confidently apply WTO rules for customs valuation. Utilise the six valuation methods for precise assessments.
• Navigate international trade valuation complexities. Manage customs valuation cases, additions and exclusions confidently.
• Correctly apply for valuation rulings. Remain compliant by using BVI and AVRs.
• Effectively manage transfer pricing and related party transactions. Apply the “Arm's Length Principle” and OECD Guidelines in practical scenarios.

Are the times and dates not suitable for you and your company?

• Call +44 79 14 650 183 or e-mail info@customsmanager.org to discuss your requirements.
• Do you prefer in-house training? Call +44 79 14 650 183 or e-mail info@customsmanager.org to arrange customised sessions.

Why Our Training is Unique

Our commitment to blending theory with practical application sets us apart. Unlike standard courses, we focus on equipping you with actionable skills for real-world scenarios. Our sessions are interactive, promoting reflection, discussion, and active engagement. Taught by experienced professionals with deep knowledge of both theoretical and practical aspects of customs valuation, our training offers valuable insights and hands-on expertise.

Booking and Practical Details

• Course Format: Online, using Zoom (Ensure your Zoom is up-to-date)
• Course Duration: 4 Hours
• Course Dates: Various; check our website
• Course Delivery: Live training, delivered online in real-time
• Booking: Use the online form, call +44 79 14 650 183, or e-mail info@customsmanager.org