The exporter’s declared price of $0.40 per unit was abnormally low compared to similar Corona products, which are listed at a minimum of $1.33 per unit. (Undervalued alcohol could indicate a possibility of using fake ingredients and poses a real danger to public health and safety.)

 

Findings: Publican Detected a High Risk of Valuation Concern

The exporter’s declared price of $0.40 per unit was abnormally low compared to similar Corona products, which are listed at a minimum of $1.33 per unit.

 

 

How did Publican uncover this?

 

 

By conducting a complete wholesale analysis of exactly the same Corona products, Publican discovered a considerable gap between the average prices listed and the shipper’s declared valuation – concluding a high risk of undervaluation.

 

Impact

Publican was able to provide the Central American customs authority with the correct valuations for the Corona being shipped, as well as automatically calculating the exact revenue owed from the corrected declaration. In addition, it was able to provide an important safeguard for the nation’s public health by intercepting an undervalued alcoholic beverage.