CBSA Proposes Last Sale Rule for Customs Valuation

The Canada Border Services Agency CBSA is proposing to fundamentally change Canadian customs valuation rules in draft amendments to the Valuation for Duty Regulations, SOR/86-792 VFD Regulations published on May 27, 2023. While the stated purpose of the draft amendments targets the valuation of goods by non-resident importers by valuing goods based on the last sale in a series of transactions resulting in the importation of goods into Canada, as drafted, the amendments will also affect Canadian resident importers.

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