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Memorandum D13-3-8
Generally Accepted Accounting Principles (Customs Act, Sections 48 to 53)
2009-05-07
- This memorandum has been revised to include the new Canada Border Services Agency (CBSA) title, and, does not contain any policy or procedural changes
- The memorandum also includes new references to sources of the CBSA's information.
- In the French version of the present Memorandum, the term "Generally Accepted Accounting Principles" has been changed to reflect the term used in the Industry.
To obtain the full document in an alternative format, please send a request to: publishing.publications@cbsa-asfc.gc.ca
Full Document: PDF (239 Kb) [help with PDF files]
Last modified: 2009-05-07
Summary
This Memorandum outlines the manner in which generally accepted accounting principles are to be applied in determining the value for duty.
References
| Issuing office | Origin and Valuation Policy Division Trade Programs Directorate Admissibility Branch |
| Headquarters file | HEG 79070-4-3 |
| Legislative references | Customs Act subparagraphs 48(5)(a) (ii) and (iii), section 51, paragraph 52(2)(a), and subsection 52(3) Valuation for Duty Regulations, sections 5 and 6 Canada Business Corporations Regulations, section 44 |
| Other references | D13-4-8, D13-7-3, D13-8-1 |
| Superseded memoranda D | D13-3-8, March 28, 2001 |
