Question: I would like to know how the membership handles their risk assessment/post audit on imports. Is a third party utilized or do you keep the risk assessment review in house by an audit group? *********** Answers: We conduct audits on our entries and other risk areas, such as supply chain security, on a monthly […]
Question: I have a foreign office shipping some items back to our US office. The foreign office wants to put a certain value on these items (the same value that they were originally entered under). But the value after depreciation will be different in the US. Can a transaction have two commercial invoices? An […]
Question: Looking for some guidance on the best way to import obsolete parts that will be destroyed. They are brass parts (approx. 300 kgs) used in the manufacture of leather personal items (wallets, gloves, handbags). What are our options to avoid/recover the duty? ************** Answers: Import into FTZ […]
Question: The company I work for imports goods from Germany on a regular basis against invoices denominated in Euros. When importing the product, our customs broker uses the CBP exchange rate as of the date of export from Germany (as per regulations). When my company goes to pay the German entity, they cut a […]
Question: I am looking to begin some monthly or quarterly reporting to Senior Management on U.S. Import metrics based on mode, products, IOR, etc., using data that I download from our broker(s) portals. looking for ideas from ICPA members on how to summarize these metrics, or if I’m missing any essential metrics that Sr. Management […]
Question: What if I find out that a particular broker has been filing for me without a valid POA for a particular EIN? And, here’s the most important fact, I don’t want them to stop filing for me? Do I have to go back in time and disclose something, or will it be good enough […]
I am developing a company’s corporate import policy manual, but in the meantime, I need to implement a simple, but important policy, that instructs the product development team to consult with trade compliance at the onset of developing a new product, or at the very least, consult with trade compliance before requesting a PO be […]
Question: I am looking for guidance on import regulations (and practical experience) for aircraft parts to China. These parts will range from skins, ribs, tires etc. to COTS parts such as bolts, washers, etc. The parts are for repair/replacement or spares. Thanks in advance. ===========
QUESTION: We are an importer and have an in-house brokerage where we both self-file entries as well as have the standard Fedex, UPS file entries as our Customs Broker. Of those people who self-file entries, none have a broker’s license. We do have two people on staff with a Broker’s […]
Question: Does anyone know of any restrictions as far as clearing a new milling machine with Japanese origin? Any licenses, etc., that I may not be aware of? ***********
Question: I recently discovered during an audit of import documents that an employee of my company (US importer) created a commercial invoice on our letterhead for a Canadian customer who was shipping back some damaged goods for repair. My company is the manufacturer of the goods. The commercial invoice was signed by her as well. […]
Question: We are looking into importing batteries and containers (separately) of battery acid from China. I have been trying to find information on how and what’s required, Does anyone have experience in this that can advise? ***********
