Import

Questions and answers about Import

  • IMPORTING UNDER CONSIGNMENT

    Question: It has been uncovered that the corporation has been shipping goods to the USA using an estimated value as it is sold on consignment. The sale occurs at a later date – up to 45 days later and at that point the value is determined. Understood the valuation rules are that actual sale price […]

  • BRAZIL IMPORT REQUIREMENT

    Question: Could someone in the membership advise if it is a requirement for import into Brazil that the freighted copy of ocean bill of lading match the freight on the invoice? ========== Answers: True. Freight on the BL must match with the invoice and also with Electronic system. =========== We had airfreight shipments held up […]

  • IMPORT AND EXPORT TO THAILAND

    Question: We have come upon a new business scenario and I’m looking for guidance on the documentation requirements.   We are having a product made in Thailand and are responsible for shipment of all raw materials (some from US, some from other countries in Asia) that are sent to the Thai manufacturer. Upon completion of […]

  • ELECTRONIC IMPORT-EXPORT DATABASE

    Question: We are looking to implement a database to consolidate and streamline import and export information globally (such as:  HTS / ECCN classification, Customs descriptions, OGA requirements, etc).Based on the following criteria: 1 Part # = Multiple country HTS codes, Customs descriptions, OGA requirements, etc. Approx 30,000 part # per country Database would be in […]

  • IMPORTING FOOD FOR RE-EXPORT ONLY-addt’l answers

    Question: Our customer purchases our food products in the US, consolidates them and exports them to their food stores overseas.  The same customer is now interested in purchasing products from Mexico that have Spanish labeling.  They would like to import the Mexican products into the US and then consolidate them for export with US-labeled foods.  They are […]

  • IMPORTING FOOD FOR RE-EXPORT ONLY

    Question: Our customer purchases our food products in the US, consolidates them and exports them to their food stores overseas.  The same customer is now interested in purchasing products from Mexico that have Spanish labeling.  They would like to import the Mexican products into the US and then consolidate them for export with US-labeled foods.  They are […]

  • IMPORTING INSECT SAMPLES

    Question: We found that our supplier shipped on a pallet that was not heat treated and bugs were discovered caught inside the shrink wrap and in the shipping pouch.  We now need to send the dead bugs back to the US for testing.  Where should I begin with the regulations for importing dead bugs from […]

  • EXPRESS COURIER SHIPMENTS

    Question: We are required to use one of the express carriers for all shipments that we pay for when possible.  This is a nightmare for import compliance.  We now require the carrier to contact us for instruction for EVERY import shipment so that we can provide proper instruction.  Most shipments are items coming in from […]

  • IMPORT RISK ASSESSMENT

    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 […]

  • EXPORT / IMPORT INVOICE VALUES NOT MATCHING

    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 […]

  • IMPORTING OBSOLETE PARTS FOR DESTRUCTION

    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 […]

  • IMPORT EXCHANGE RATE MANAGEMENT

    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 […]