Customs Valuation System: U.S. Law and Practice

Author: Li Xinyu
Publisher:
Publish Date: 2003-01-01
Features: This book discusses the law and practice of U.S. customs valuation. The author will use the case of a decade-long legal battle between Hitachi Inc. and U.S. Customs to illustrate the experiences of other Asian companies that entered the U.S. market before us when dealing with U.S. Customs, as well as how important it is for foreign enterprises operating in the U.S. to change their mindset and value protecting their rights through legal means. The author has detailed the course of the Hitachi case not only to show how difficult it is for foreign enterprises to enter the U.S. market and society but also to demonstrate that, due to cultural differences, Japanese companies were originally like us, trying to avoid legal disputes and preferring to resolve conflicts outside of court. When Japanese companies first entered the U.S., they were often surprised to find that the cost of a single lawsuit in the U.S. exceeded the annual legal service fees of their parent company in Japan. The Hitachi case shows the extent of the change in mindset and values of Japanese people and companies after 50 years of post-war business operations in the U.S. May this case offer some inspiration to the new generation of Chinese entrepreneurs. May this book on the law of U.S. customs valuation be of help to domestic legal researchers and Chinese enterprises aspiring to enter the U.S. market.