As we wrote about previously, on May 27, 2023 the Canada Border Services Agency (the “CBSA”) proposed amendments to close what they termed “loopholes” allowing certain importers to use a lower value for duty (“VFD”) than what CBSA thought was appropriate.
The draft changes to Canada’s Valuation for Duty Regulations (the “Regulations”) generated significant feedback from interested parties, but over one year later importers are left wondering about the status of the proposed amendments.
Tagged in:
Canada Border Services Agency
Importer/Exporter
Purchaser in Canada
Valuation for Duty Regulations
Value for Duty
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