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How to determine the price paid or payable for imported goods
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For CBSA customs valuation purposes, the price on the commercial invoice is not always the same as the price paid or payable.
Understanding value for duty codes on your Commercial Accounting Declaration
While the value for duty shows the amount used for customs valuation purposes, the value for duty code identifies the circumstances behind that value.
When royalties and licence fees must be included in value for duty
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Separately paid royalties and licence fees may need to be added to the value for duty when they relate to the imported goods and are required as a condition of sale.
Related persons and customs valuation in Canada
When the purchaser and vendor are related, the CBSA considers whether that relationship influenced the price.
What to do when you receive a Notice of Penalty Assessment
When you receive an NPA, review the notice carefully, confirm the deadline, gather the supporting records, and seek professional advice before deciding how to respond.
