Law360, New York (July 19, 2012, 1:01 PM ET) -- Companies that import goods from related foreign parties may soon be eligible to more easily implement post-import pricing adjustments required under transfer pricing policies and advanced pricing agreements. In a modification of its long-standing approach, U.S. Customs and Border Protection issued a ruling on May 30, 2012, setting forth the agency’s new policy toward the treatment of post-import pricing adjustments for related-party transactions.
Under the new policy, which comes into effect on July 30, 2012, CBP will allow related parties to use the transaction value (i.e.,...
How To Benefit From New Post-Import Pricing Policy
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