On June 4, 2021, the Canada Border Services Agency (CBSA) issued a consultation notice in which certain regulatory amendments to customs valuation laws that were being considered. The consultation period opened on June 4, 2021 and closed on July 4, 2021.<\/p>\n\n\n\n
The elements being considered by the CBSA for future amendments that were noted on the consultation notice are summarized below.<\/p>\n\n\n\n
1. The term “sold for export to Canada” being redefined to expand the definition of \u201csale\u201d in the broadest terms as well as to establish the relevant sale that caused the goods to be exported to Canada.<\/strong><\/p>\n\n\n\n Under current customs regulation the sale for export is the relevant sale that caused the goods to be exported to Canada (i.e. all sales in a series are considered for assessing the relevant sale for export).<\/p>\n\n\n\n This proposal undertakes to make the last transaction in the commercial chain, irrespective of the chronological order or series of sales to be regarded the relevant \u201csale for export\u201d that will serve as the basis for appraising the value for duty. The proposal further undertakes to determine the term “sale” be interpreted in a broad sense. The updated definition of a \u201csale\u201d would include any type of arrangements that cause the goods to be exported to Canada.<\/p>\n\n\n\n