There are six different methods of valuation for imported goods:
In Canada:
In the US:
Determining the correct method for your particular shipment can be a challenge for new and experienced importers alike, but it is imperative it be done correctly. Customs prohibits the use of arbitrary or fictitious values, and it mandates the use of these valuation methods under law.
Trust the experts to find your shipment's correct valuation method and then apply it.
Regardless of the unique nature of your shipment, we will find the correct valuation method before you ship.
Rest easy knowing that your shipment is classified correctly and is compliant with Customs regulations.
When determining the valuation of your imported goods, it behooves you to entrust the process to an expert, as it has many pitfalls, and there is no replacement for experience. The PCB Trade Advisory Team consists of trained industry experts with decades of routine practice interpreting the rules on Customs valuation. Regardless of the irregularity of your shipment, we can determine the correct valuation that will allow you to import with confidence.
Some of the services we provide include:
Having an expert evaluate your goods is beneficial because it is a deceptively simple process with significant financial consequences for error.
Valuation is one of the fundamental principles of trade. It can seem intuitive - the value of a product is its transactional value - how much you paid for the product must be its value. That is partially correct, but that is simply where the process begins, and there are many places where it can become a magnitude more complex as it proceeds. For example:
All of these questions, and many more, factor into determining the value of an import and the many costly penalties that can be accrued for misinterpreting or misreporting it. Trusting this process to a reputable broker can ensure a smooth crossing.
