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Shipments of commercial goods through the Courier Low Value System (CLVS) program are now subject to seizure if there is physical evidence of a significant undervaluation. Physical evidence includes any document found on the shipment, such as an invoice that shows a contradiction between the declared value presented by the exporter, and the transactional value. The definition of “significant undervaluation” is still not known.
If you are currently using the Courier LVS program, be sure to advise your vendors to declare accurate invoice/transaction values on your courier declarations in order to avoid the potential seizures and penalties that may result in undervalued goods.
For more information, contact Brian Rowe, General Manager – Customs Consulting Services.
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