QUESTION: A company in China purchased components from its related party in the US. The components will be used in finished goods imported into the US and the price paid will be included in the cost of goods sold. The US party shipped the components freight prepaid and did not bill the China company for […]
QUESTION: If the company pays for the assist of a tool purchased for use by an overseas vendor, and then wants to import the tool into the U.S., do we still have to pay duty on the tool? ========== Answers: Yes ========== Yes. The duty rate paid on the […]
QUESTION: Assists are usually the addition of a value to an import entry when equipment, tooling, or engineering is provided to a supplier/manufacturer at no charge or at a reduced cost. What about the cost of the supplier/manufacturer’s procurement of tooling or equipment overseas? In our situation, the supplier who manufacturer’s our product may purchase […]
QUESTION: I have a confusing Assist or non-Assist issue I need clarification on. Here is an example of the scenario. Factory A buys 1000 feet of material and bills the importer for the leather. Ex. 1000.00 USD. Factory A invoices the importer the 1000.00 cost of the material and produces the product which is part […]
Question: Question on how to apply the value of an assist US Company purchases, transports and owns equipment at Foreign supplier. Equipment is used to produce goods for export to US. To declare the assist, it can be done in 1 of 3 ways 1. At arrival / import of 1st shipment 2. […]
Question: Question on how to apply the value of an assist US Company purchases, transports and owns equipment at Foreign supplier. Equipment is used to produce goods for export to US. To declare the assist, it can be done in 1 of 3 ways 1. At arrival / import of 1st shipment 2. […]
Question: We recently supplied some gauges, at no cost, to a component supplier and determined these gauges qualified as an assist. Shortly after the gauges were shipped, an instruction video on how to use the gauges was sent to the supplier via email. I’d like the memberships opinion as to whether the instruction video […]
Question: We are part of the reconciliation program with CBP for payment on our assists. We pay the duties associated with assists on a quarterly basis and utilize the 21 months allowed for items flagged for reconciliation. We would like to see if anyone from the membership can advise best practices for the accounting department […]
Question: Hi Membership I have two question for you regarding how best to determine the value of samples that only pass the quality attributes established by the importer and declaring the assist associated with the samples. Question 1: How should the value be determined for imported samples where the price will only be paid if […]
Question: Our company is importing radios installed in our vehicles with potentially outdated software…in an effort to provide the most up to date software, we will offer vehicle purchasers in the US an opportunity to log onto a web-based site to upgrade the SD card up to three times as needed. As a result, we […]
Question: Funds payment is provided to an international supplier to cover the costs of a functional test fixture. The test fixture will be imported back into the US and used in the US to test product that is imported from this same supplier. What say the membership? Do you believe the value of this funds […]
Question: I’ve just become aware of a potential transaction that was agreed to without Trade Compliance input. US Party A (seller) has a contract with US Party B (buyer) for the purchase of ‘Fancy Widgets’. US Party A manufacturers the ‘Fancy Widgets’ at their foreign subsidiary X. In addition, US Party A is providing various […]
