Factors Leading to Disputes
- Falsification of commercial documents
- Double invoicing
- Invoice excludes some dutiable charges
- Partial payments
- Failure to disclose related party transactions
- Mis-description of the product origin
- Currency manipulation & Exchange rate manipulation
- Failure to disclose assists
- Lack of proper training on the part of the declarants (Customs agents) and Customs officers
Parties to the Valuation Dispute
- Customs officers
- Importers
- Customs agents
- Professionals such as Tax Accountants and Lawyers
- Industry players such as Manufacturers, Motor vehicle dealers