{"version":"1.0","provider_name":"Customs &amp; International Trade Law Firm","provider_url":"https:\/\/diaztradelaw.com","author_name":"Jennifer Diaz","author_url":"https:\/\/diaztradelaw.com\/author\/jen\/","title":"Valuation - Customs &amp; International Trade Law Firm","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"c3OdSGVBGv\"><a href=\"https:\/\/diaztradelaw.com\/services\/importing\/valuation\/\">Valuation<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/diaztradelaw.com\/services\/importing\/valuation\/embed\/#?secret=c3OdSGVBGv\" width=\"600\" height=\"338\" title=\"&#8220;Valuation&#8221; &#8212; Customs &amp; International Trade Law Firm\" data-secret=\"c3OdSGVBGv\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/diaztradelaw.com\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","description":"It is essential for importers to have a system in place to properly report the correct value of imported merchandise to U.S. Customs upon entry. Otherwise, imports may be under or overpayment customs duties to U.S. Customs. Diaz Trade Law assists in analyzing valuation methodologies to confirm imports are using a correct valuation upon importation. Correct valuation is a part of the importer of records \u201creasonable care\u201d requirement. Penalties for non-compliance can be severe. 19 U.S.C. 1592 is the statute CBP references when issuing penalties for negligence, gross negligence or fraud \u2013 depending on the degree of culpability CBP believes you had at the time of your non-compliance. Want More Information? Relevant blog posts: Why You Need Your VERY OWN ACE Account Customs Valuation 101 Why Pre-Compliance is a MUST Should You Get a Binding Ruling? Future of First Sale Rule in Question Using a Middleman? Learn How to Lower Your Customs Value Using First Sale! Relevant on-demand webinars:\u00a0 Importing 101 \u2013 Introduction to U.S. Customs ACE: Auditing Your Import History How to Build and Maintain an Effective Import Compliance Plan"}