Versace Files CIT Lawsuit on Customs Valuation

Versace USA says CBP overcharged it customs duties by using the wrong appraisal method for merchandise moved between Versace's Canadian and U.S. warehouses, according to a complaint it filed Feb. 25. Versace says CBP used the transaction value method based on prices on a pro forma invoice, but those prices "were the suggested Canadian retail sales prices of the merchandise," and "Versace USA did not pay the prices stated on the pro forma invoice." CBP should have relied on the value of identical or similar merchandise, Versace said. CBP denied Versace's protest in 2017 (Versace USA Inc. v. U.S., CIT #18-00034).