Customs Valuation Review demo
For importers buying from related sellers: every payment traced into the customs value, or out of it, with the passage that decides it. 1:24
What the demo shows
Checks declared import values for missing assists, royalties and related-party adjustments
Agents read the ledger, the entry summaries and the intercompany agreements and draw every payment to or for the seller to a part of the customs value, such as price, assists, royalties or a year-end transfer pricing adjustment that never reached an invoice. Tax, the affiliate and licensors answer in fixed fields, and a challenger reads the map as a CBP import specialist would, catching the agents’ own errors before anyone relies on them. Added value and duty are split between open and liquidated entries. The manager proposes corrections and a reconciliation flag, the controller signs as second person, and the liquidated entries go to customs counsel with the full map.
Transcript
- Customs Valuation Review, for importers buying from affiliates: about half of US imports.
- Here, 186 entries from a Taiwan affiliate, all declared.
- Agents map each payment to customs value.
- Mid-run, Joanna parks the royalty for counsel; the plan changes.
- A challenger reads it as CBP would, catching the agents' warranty-credit mistake.
- Never declared: a 1.41 million dollar adjustment, and seat kits given to the seller.
- Tax's workpaper ties the adjustment to every product.
- Duty: 49,091 dollars; 1,360 on five open entries.
- Joanna reads the parts maker's note, then proposes corrections for the five open entries.
- The controller opens the invoice and agreement, then signs second. The liquidated entries go to counsel.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.