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WEBINAR

U.S. Customs Valuation: Recognizing the benefits of First Sale rule

  • DateAugust 25, 2021
  • Time1:00 PM EDT
  • Duration1 hour
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About this Webinar

Reducing landed costs is a north star for supply chain leaders and compliance managers who face increasing budgetary constraints. With the recent imposition of tariffs on steel, aluminum and China-origin goods, there has been heightened focus on the customs process and the hidden opportunities to realize real costs savings.

In many cases, businesses import manufactured goods into the U.S. that have already gone through at least one resale, generating a markup and increasing their customs valuation. However, the First Sale rule offers importers an opportunity to apply the valuation of a product pre-resale, reducing overall duties.

Join us to learn more about the advantages and risks associated with the First Sale rule. We will outline the specific requirements, examine possible hurdles and discuss best practices.

Who Should Attend?

Importers, individuals in manager and director positions from customs compliance and logistics departments, will benefit from this session.

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Our experts

Marcus Lynn Brumley : Senior Consultant, Global Trade Consulting

As Senior Consultant in Livingston’s Consulting Group, Lynn Brumley is responsible for sales support and new business acquisition. He is also accountable for trade compliance projects such as Section 301 Exclusion reviews, import audits and FTA eligibility audits.

Lynn joined Livingston in August 2020 and brings 30 years of experience in the areas of Incoterm Rules, global supply chain-related Trade Compliance, HTS classification methodology, FTA Rules of Origin and global origin marking rules.

Lynn is a Licensed Customs Broker and a member of the International Compliance Professionals Association (ICPA) and the Pacific Northwest Importer’s Anonymous Association (PNWIA) for whom he undertook external speaking engagements.

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