Valuation sits inside the compendium’s customs compliance and duty performance offer, governed as a control rather than handled entry by entry.
Valuation errors cut both ways, undervaluation is audit exposure, overvaluation is duty that was never owed. SIMS audits the valuation basis across the entry population, defends what is correct, and pursues lawful correction where it is not.
What SIMS does here
Valuation basis review
Transaction value, assists, royalties, and additions and deductions reviewed against the declared basis.
First Sale feasibility
Where a multi-tier transaction qualifies, First Sale lawfully reduces the dutiable base, assessed for feasibility, then documented and implemented.
Related-party pricing
Transfer-pricing alignment and related-party declarations built to survive scrutiny.
Correction & refund
Post-summary correction, protest and prior-disclosure support with counsel where the review indicates it.
Frequently asked questions
What is First Sale valuation?
In a qualifying multi-tier sale, duty may be assessed on the earlier sale price rather than the price the importer paid, subject to documentation requirements that must be established and maintained. Feasibility is fact-dependent.
Certification, validation, refund and clearance are agency decisions and are never guaranteed. Recovery amounts and timelines depend on the facts.
Start with a directional read of valuation exposure, in about three minutes.
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