Basically, Customs Notices are issued to inform clients about proposed changes to customs procedures. Customs Notice N-15-001 has been published by the Canada Border Services Agency (CBSA) for deleting an obstacle to file import duty refund claims. The Canadian International Trade Tribunal (CITT) has rendered its decision in Appeal No. AP-2012-067, Hudson’s Bay Company v. President of the Canada Border Services Agency, regarding the treatment of rebates made after importation. The CITT governed that a price reduction made after importation is not noticed by the Customs Act if it results from a contract to reduce the price that was in effect during importation. By the transaction value method, the root for a calculation of value for duty is the price paid or payable (PPP) for imported goods. In Customs Act, Paragraph 48(5) (c) addresses descending adjustments to the PPP effected after importation and continues to use in situations where a buyer and seller enter into an agreement to diminish the PPP of goods after those goods have been imported to Canada.
Taiwan: Individual Income Tax Modified
Related Posts
Canada completes ratification of UK’s CPTPP accession
Canada has completed its domestic ratification process in July 2026, clearing the final hurdle for the UK's accession
Read More
Canada adjusts retaliatory US tariffs, excludes seafood sector
Canada's Department of Finance removed seafood and fish products from its counter-tariff list on 26 August 2026,
Read More
Canada announces retaliatory tariffs, CAD 7.5 billion support package to mitigate impact from US
Following the US imposition of a 50% tariff on USD 27.6 billion of Canadian goods effective 22 August, Canada has
Read More
US: Trump administration escalates tariff threat on Canadian automotive sector
President Donald Trump announced plans to impose 50% tariffs on all vehicles, trucks, and automotive parts originating
Read More
Canada suspends US trade negotiations, retaliates with matching tariffs
Prime Minister Mark Carney announced on 21 August 2026 that Canada's government has halted negotiations with the US
Read More
US delays 50% additional tariffs on certain Canadian goods
The US has delayed the imposition of 50% additional tariffs on certain Canadian goods by three days as the two
Read More