Flexport Customs: Mastering the First Sale Rule

Flexport Customs: Mastering the First Sale Rule
Flexport Webinar
August 2024

Are you looking to optimize your import costs and enhance your customs compliance strategies? Join us for an insightful webinar where we'll dive into the First Sale Rule and reveal how it could be a game-changer for your business.

In this webinar, you will:
- Understand the Basics: Get a clear explanation of the First Sale Rule and how it impacts customs valuation and duty calculations.
- Learn the Benefits: Discover how leveraging First Sale can lead to significant cost savings and improved profitability for your business.
- Navigate Compliance: Gain insights into the requirements and documentation needed to qualify for the First Sale Rule, and learn how to avoid common pitfalls.
- Get Expert Advice: Participate in a Q&A session with our customs and trade experts to address your specific questions and challenges.

Speakers:
- Tom Gould | Senior Advisor, Global Customs & Trade, Flexport
- Anna Zajac | Senior Trade Advisory Manager, Flexport

[brianwaayenberg]

What if you are the manufacturer of an item? Im am currently onboarding with shopify and flexport to house/distribute goods that are produced in my factory in Canada. The goods will be shipped into the USA to a flexport warehouse. with tarrif talks ongoing i am trying to best understand what the stated "value" is whe crossing the boarder. for example. my cost to produce a product (raw material to packaged/readty to ship) is $10. the item is listed on shopify for $100. wold i list my cost of production, or the price of what i hope it sells fo in the USA? or should i list the cross boarder cost at $15, giving a profit value of 50% when crossing? If there is someone i should contact at flexport to help me better understand this that would be fantastic!