It is necessary for importers to possess a system to accurately report the correct value of imported merchandise to U.S. Customs upon entry. If importers fail to have a system in place to accurately report the correct value, then they will more than likely under or overpay customs duties to U.S. Customs. TITA lawyers assist in examining valuation methodologies to establish of importers are using a correct valuation upon importation. Correct valuation is an essential part of the importer of records “reasonable care” requirement. Penalties for non-compliance can be severe.