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Division
of
Investment and Export
PO Box 7970
Madison, WI 53707-7970
USA
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Vol.
7 #4, March 2008
Hot Topics: Valuation
Valuation is one of the main building blocks of a compliance program.
The Milwaukee World Trade Association Compliance Committee and
the
Waukesha County Technical College Global Trade Center will hold a
roundtable meeting to discuss how the valuation of goods is used to
determine the application of ad valorem duties. Valuation is also
the basis for creating costed-bills-of-materials used in NAFTA origin
determination, commissions, royalties, assists, proceeds, packaging and
transfer pricing. It is also essential for compiling trade
statistics and monitoring quantitative restrictions for applying tariff
preferences and collecting national taxes. This discussion will
alert you to the consequences of not complying with the CBP- and
GATT-mandated rules: penalties, fines, forfeiture of imported material,
the possibility of missed revenue recognition and/or profit
margin. This program is designed for both beginning and advanced
individuals.
The event will be held on Monday, March 31, 7:45 – 10:45 am at
Waukesha County Technical College - RTA Education Center, 800 Main
Street, Pewaukee. The registration fee is $25. For more
information, contact Ms. Aleda Bourassa, Manager, Center for Global
Education & Trade, abourassa@wctc.edu, ph: (262) 691-5219.
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