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U.S. Customs and Border Protection (CBP)

Call 305-456-3830 or email info@diaztradelaw.com.

Customs Valuation 101

What is Valuation and Why Does it Matter? Customs Valuation is a procedure to determine the customs value of imported goods. The customs value is essential to calculate the total duty to be paid on an imported good. Because there was a need for the international community to have a standardized system for valuing imports, many nations became signatories to a World Trade Organization (“WTO”) agreement that established valuation norms known as the Tokyo Round Valuation Code (later amended into the WTO Agreement on Implementation of Article VII of the GATT 1994).

The United States was a signatory to these treaties and currently maintains and enforces a rigorous valuation system. The U.S. Customs valuation methodology (as well as a summary of relevant Customs rulings) are described in detail in the Valuation Encyclopedia. A common customs valuation standard is important because it ensures that:

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By |2021-08-17T08:45:56-04:00August 17, 2021|Enforcement, Import, International Trade, penalty, Pre-compliance, Reasonable Care, Supply Chain, U.S. Customs and Border Protection (CBP)|0 Comments
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Insight on Last 6 Months of Biden/Congress on Trade

A lot has happened in the first 6 months of the Biden administration. Notable developments include (at least temporary) resolutions in the large civil aircraft and digital service tax disputes, consensus around a global minimum corporate tax of 15%, lawsuits pertaining to Section 232, increased export controls enforcement, shifting U.S. policy stances on Cuba, and more. However, the most important developments pertain to the ongoing U.S.-China trade war. The U.S. and China are engaged in ongoing negotiations while tensions have risen, a lawsuit challenging Trump’s imposition of 301 tariffs are underway, and a massive U.S. competitiveness bill is being considered in Congress that could bring back broad China tariff exclusions. Join us for a jam-packed hour where we discuss everything that has happened in the world of U.S. trade policy over the past 6 months, and provide insight into how Biden’s trade policies affect industry.

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By |2021-07-22T09:13:13-04:00July 21, 2021|Brazil, Canada, China, Countries, COVID-19, Cuba, Export, Import, International Trade, Iran, Mexico, Speaking, Supply Chain, Trade Policy, U.S Department of Homeland Security (DHS), U.S. Customs and Border Protection (CBP), U.S. Office of the United States Trade Representative (USTR), USMCA, Vietnam|0 Comments
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Diaz Trade Law Invites the Trade Community to Two Free Webinars this Summer!

Celebrate the summer season with two light hearted webinars on International Trade. Diaz Trade Law invites the trade community to two FREE webinars; space is limited – register today! Laugh with us at the Humor in International Trade webinar and learn insightful facts about the impact of international trade on American history during The First Laws — History of Customs and Revenue Law. More information about each webinar is provided below:

Can We Find Humor in International Trade? – July 14, 2021 at 12:00 PM ET

This one-hour webinar describes humor in trade. International Trade is a serious subject, but within it, bits of humor can be found. Register today to hear from this experienced duo and discover many of the oddities and idiosyncrasies prevalent in our modern-day international trade system.

President and Founder of Diaz Trade Law, Jennifer (Jen) Diaz is a Chambers ranked, Board Certified International Attorney specializing in customs and international trade.

David J. Craven has been an active practitioner in Customs and International Trade Law since his admission to the Bar in 1985 and has represented clients in broad range of trade and customs matters from companies on 6 continents.

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By |2021-07-29T11:56:13-04:00July 12, 2021|Events, Export, Import, International Business, International Law, International Trade, Speaking, U.S Department of Homeland Security (DHS), U.S. Customs and Border Protection (CBP)|0 Comments
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Jennifer Diaz Presenting at Global Trade Educational Conference 2021

The NCBFAA Educational Institute invites all global logistics professionals to its 7th Annual Global Trade Educational Conference (GTEC). This two-day event in  Baltimore, MD will give customs brokers, freight forwarders, NVOCCs, OTI, service providers, importers, exporters and all global logistics professionals an opportunity to update themselves on industry developments and connect with colleagues new and old.

Join us IN PERSON in Baltimore, MD, July 26-27, 2021. NCBFAA NEI and hotel staff will be complying with all state and venue COVID-19 protocols so you can feel safe attending the event! Virtual attendance is available, so you can gain knowledge from anywhere!

REGISTER TODAY!

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By |2021-07-29T11:56:47-04:00July 6, 2021|ACE, Best Practices, Brokers, CBP 28, CBP 29, CEE, Counterfeits, CTPAT, Currency Seizure, Customs Broker, Customs Expert, Detention, Enforcement, Forced Labor, Freight Forwarding, Import, Intellectual Property Rights, International Trade, IPR, Trademarks and Logos, ISF, Labeling, Liquidated damages, penalty, Pre-compliance, Seizure, Speaking, U.S. Customs and Border Protection (CBP)|0 Comments
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Incoterms 2020

Diaz Trade Law is enthusiastic to announce Bloomberg Law published another one of our articles, “Incoterms 2020”! Below is the article reproduced with permission for your reading pleasure. We’d love to hear your feedback!

You can read the article here (where you’ll have the ability to access all of the great hyperlinks). Please note you cannot click on the hyperlinks below.

We’d love to hear your feedback!

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By |2023-08-03T15:04:47-04:00June 3, 2021|Best Practices, Bloomberg, Bloomberg Import, Export, Import, International Business, International Law, International Trade, U.S. Customs and Border Protection (CBP)|0 Comments
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