Maximise U.S. Duty Savings: Reconciliation & TP

Discover how reconciliation and transfer pricing can help your company save on U.S. customs duties and improve cash flow.

Introduction

Exploring Strategies for Duty Savings: A team analyzes global maps and data to optimize reconciliation and transfer pricing, aiming to reduce customs duties and enhance cash flow.

Many companies, however, remain unaware of how these mechanisms work together to optimize duty savings. This blog will answer key questions and provide actionable insights to help businesses navigate these strategies effectively.

Key Questions This Blog Will Answer:

1. What is transfer pricing, and why is it important for customs compliance?

2. How do retroactive transfer pricing adjustments impact duty payments?

3. What is CBP’s reconciliation program, and how does it work?

4. How can businesses lawfully claim refunds on downward price adjustments?

5. What risks and penalties exist for noncompliance, and how can they be avoided?

   
   

1. Understanding Transfer Pricing for Customs Compliance

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