On January 26, 2022, GDLSK Partners Arthur Bodek and Kevin Leonard will be speaking on the subject of the first sale duty-savings opportunity at an online program hosted by the U.S. Fashion Industry Association.
The Customs valuation of imported merchandise continues to be one of the most important aspects of business planning for fashion companies. A properly implemented first sale program can significantly impact a company’s bottom line in an environment of the continued applicability of China 301 tariffs on top of already high duty rates on apparel and fashion accessories.
CBP continues to scrutinize transactions of goods entered under a first sale method of appraisement. Complicating matters is questions raised by the Meyer case as to the acceptability of a first sale price for goods made in China or other non-market economy countries.
Details for joining this one-hour webinar revisiting the basics of first sale, recent developments and issues to bear in mind in setting up and maintaining first sale programs can be accessed here.