Manage tariff costs with these customs valuation strategies

In the dynamic and often unpredictable world of international trade, managing tariff costs is a critical concern for companies. This article provides a high-level guide to help businesses navigate these challenges by focusing on customs valuation methods and strategies to reduce duty liability.The declared customs value is the foundation of duty liability calculations. To ensure accuracy and compliance, companies must assess the appropriate valuation methodology. The World Trade Organization&hel