Organized by:                  The Canadian Apparel Federation

Presented by:                  Michael Zobin, Senior Manager, Indirect Tax, Global Trade, Ernst & Young LLP 

Location:                          Marriott Courtyard - Airport, 7000 Place Robert Joncas     MAP

Registration:                    7:30 - 8:30 a.m.

Networking Breakfast:    8:00 - 8:30 a.m.

Presentation:                   8:30 - 9:45 a.m.

Q & A:                               9:45 - 10:00 a.m.

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The Canadian Apparel Federation (CAF) and Ernst & Young LLP (EY) are holding a breakfast meeting and seminar in Montreal on customs issues relevant to apparel and footwear importers.

The session will address issues highlighted by the Canada Border Services Agency (CBSA) in their Trade Compliance Verifications publication. Their most recent report on verification activities identified over $60 million recovered from Canadian apparel importers following CBSA verification audits.

The high duty rates paid by apparel, textile products, and footwear importers attract significant compliance actions by CBSA.  Importers need to know the key issues and enforcement strategies of CBSA, and understand how to manage compliance risks.  

The workshop will address CBSA trade verification priorities and actions, with an emphasis on valuation, and explain in detail key provisions enforced by CBSA, identify best practices and help firms mitigate compliance risks.

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Topics will include:

Trade Compliance Verifications

• CBSA Processes and Procedures – “Are you ready?”
• Verification focus on textiles and apparel – Why?
• Post verification amendments – Pain points and best practices

Valuation

• Transaction Value Method;

• Purchaser in Canada (“PIC”) stipulations; and
• Sale for export requirements
• Non-Resident Importers

Additions and Deductions to the Price Paid or Payable (subsection 48(5) provisions under the Customs Act)

• Definition of Price paid or payable;
• Royalties;
• Design fees & Assists;
• Transportation Costs; and
• Subsequent Proceeds

Related Party Transactions

• Transaction Value Method;
• Transfer Price vs. Test Values;
• Influenced price processes and CBSA’s response to influenced price; and
• Stock transfers/returns

Origin

• Least Developed Country Tariff (conditions and requirements)
• Free Trade Agreements (Rules of Origin, Certificate Requirements etc.)
• NAFTA / USMCA
• CETA
• CPTPP

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Who should attend:

• Supply Chain and Tax Directors
• Senior Import managers
• Trade and logistics staff

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CSCB - CCS/CTCS: This webinar qualifies for 5 CCS Points/CTCS Credits with the CSCB.

Because this is not a CSCB event, proof of attendance is required obtain these credits.