Refund of duty for multinational pharmaceutical company in transfer price investigation

One of the very difficult areas for multinational pharmaceutical companies is transfer price for purposes of customs valuation.  Following payment of additional duties, a leading pharmaceutical company retained Lee & Ko adjust the gross margin rate of the goods that KCA assessed additional duty on.  As a result, the assessment of duty was partially cancelled following the investigation, and at the Tax Tribunal, Lee & Ko’s defense strategies succeeded and a refund was issued.