I received concert tickets from a client. I am the vendor. Will I need to pre-clear this?

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Concert tickets, being things of value would need to be pre-cleared. It does not matter that you are the vendor receiving it rather than a client. It is possible that the tickets are being given to elicit a bigger discount from you than would otherwise be offered. To ensure there is no such misunderstanding, transparent and documented pre-clearance is often enforced by corporates. 

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