Glossary
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Related parties are relationships that may affect the declared import value to U.S. Customs and Border Protection.
U.S. Customs looks at the seller and Importer of Record to determine if there was a relationship per the definition of U.S. Customs. This is important because that relationship may affect the price, which may affect the value being declared on the Customs entry. This concept is similar to expecting a family discount if you purchase something from your brother.
To determine if any of your transactions are between a related party, consider the following:
If any of the above apply, the transaction is considered to be a Related Party transaction and should be flagged as such on the Customs entry.
Please refer to this Customs Informed Compliance document for further details on why this is important to US Customs.
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