CBP Proposes to Recognize Retroactive Adjustments to Related Party Pricing: May Present Potential for Duty Refund Recovery

Customs & International Trade Newsalert

Customs and Border Protection (“CBP”) recently published a Request for Public Comment on its proposal to revoke Headquarters Ruling 547654, dated November 9, 2001. The impact of CBP's proposed interpretation would be to allow the use of transaction value as the basis of customs appraisement in related party transactions where post-importation pricing adjustments are made to comport with the importer's internal transfer pricing policy.

Return to Tax research and insights
Customs & International Trade Newsalert archive