SERVICES

ACVA consulting

Our Distinctive ACVA Services through Abundant Experiences in Customs Valuation Consultings for Various Foreign Companies

We provide support in every process from application to approval for the ACVA (Advance Customs Valuation Arrangement for transactions between related parties), a system determining the customs value of imported goods in advance, for transactions between related parties through mutual agreement between taxation authorities and taxpayers upon the application of taxpayers.

ACVA Benefits

  1. 01
    Deferment of customs duty investigation

    Customs duty investigation is deferred with respect to the dutiable value of the goods on which ACVA has been applied for, from the time of application to the time of approval. For 3 years from the time of approval, the declared value is accepted as the dutiable value.

  2. 02
    Improvement of Corporate Reliability

    ACVA approved firms are more competitive by earning trust from consumers and taxation authorities in the price of the imported goods.

  3. 03
    Declaration of a provisional dutiable value and an exemption of additional duty (penalty tax)

    As any ACVA applicant can use theprovisional value declaration system from the date of ACVA application, the applicant will be exempt from additional duty if the dutiable value of goods is changed to the value approved by ACVA.

  4. 04
    A shortcut to AEO Authorization

    ACVA approved firms can be authorized for AEO with ease. AEO authorization provides benefits such as quick customs clearance domestically and in foreign countries as well.

Major Points for ACVA

  1. 01 whether the special relationship has influenced the transaction price or not
  2. 02 whether the dutiable value determination method (one of the first to sixth method) applied for is valid or not
  3. 03 whether there are any factors of addition or deduction or not
  4. 04 whether the dutiable value is appropriate or not
  5. 05 whether the internal tax authorities approve the advanced pricing arrangement (APA) or not, or recognize the dutiable value determination method applied for or not

ACVA Procedure

  • STEP 01
    Prior Consultation

    apply for a prior consultation in advance if necessary

  • STEP 02
    Application for Prior Examination

    base data for the method of determining the price of imported goods, such as the previous price policy or report, the contract, etc.

  • STEP 03
    Prior Examination

    1 year of examination

  • STEP 04
    Notification of Examination Results

    Upon the receipt of notification of examination results, the applicant notifies either agreement or disagreement to the results

  • STEP 05
    Issuance of Advanced Examination Certificate

    Valid thorugh 3 years

  • STEP 06
    Submission of an Annual Report

    Submit an annual report to the KCS Headquarters every year.

Service Scope

  1. 01

    Analyze the influence on transaction prices between related parties before the ACVA application

  2. 02

    Represent ACVA application

  3. 03

    Assist preparation for all supporting documents of the ACVA application

  4. 04

    Support annual report preparation and post management after ACVA approval