A Look At CBP's New Transfer Pricing Policy

Law360, New York (July 30, 2012, 1:31 PM EDT) -- A new U.S. Customs and Border Protection policy went into effect on July 30, 2012, with the potential to provide significant duty savings and transactional efficiencies to importers using transfer prices to declare the value of imported goods.

The greatest potential upside to this new policy is that importers making post-importation price adjustments in a related party setting will have the ability to realize duty savings by claiming downward price adjustments when determining transaction value. This is a significant change from the prior practice of U.S....
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