New guide on price consultation process and supplementing documents

Price consultation is a Customs procedure where Customs authority coordinates with the Customs declarant to check the trustfulness and appropriateness of price declared on Customs import / export declaration form (“declared price”), and consider adjustment(s) where necessary. The final-determined price is the basis to calculate payable duties (import/export duty and VAT etc.) and proceed relevant State management tasks.

Compared to the prevailing regulations and old guidance, there are several new points in this official letter:

• Online consultation allowed

• Document and dossier used for price consultation

• The process of price check

Disclaimer:

We do trust the above points are notable and sufficient, but should you have any questions or need a deeper discussion on this issue, please do not hesitate to contact us.

OUR SUPPORT

• Assist to review the whole transaction process (sale/purchase) for transactions between related parties (parties whose relationships are considers “affiliated” in term of Customs valuation) in regards to Customs compliance requirements.
• Assist to review dossiers and documents relating to pricing and price consultation.
• Assist to review and advise on change (where appropriate) the declaration of Customs dutiable value.
• Assist in liaising and working with Customs authority regarding price doubts or price-related issues.
• Advice on other relevant topics regarding Customs declaration and model-planning in aiming to enhancing the Company’s business model and ensuring compliance with Customs regulations.