CUSTOMS VALUATION & STEEL IMPORTS
GETTING VALUE FOR DUTY RIGHT IN THE STEEL INDUSTRY
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The US-Canada trade dispute created a trade environment that makes proper customs valuation a critical issue for businesses in the steel industry. In particular, getting the value for duty correct (and avoiding costly assessments by the CBSA and US CBP) is critically important when one considers that ordinary customs duties, surtaxes, special tariffs, and anti-dumping duties could potentially apply depending on the steel imports in question.
