CBSA publishes update on the Valuation for Duty regulatory consultations

The CBSA has published a notice on its website to provide a status update for proposed amendments to the Valuation for Duty Regulations.

The notices states that Canadian importers and trade chain partners support the policy intentions behind the regulatory amendments, notably to ensure that, in a series of sales, the last sale to the buyer in the country of import (Canada) and not an earlier sale between two foreign entities is used as the basis for determining the value for duty.

The CBSA received substantial feedback concerning the proposed regulations’ intent to potentially apply to domestic sales. The Agency confirmed that the policy objective is not to use a price in a sale between a Canadian resident importer and its Canadian customer as the basis for determining the value for duty.

The CBSA will continue to review all comments and take them into consideration for any further amendments to the proposal.  

The propose amendments were reported previously on June 21, 2023.