QUESTION: Is it possible to combine goods that are in the USA in a CBP bonded warehouse with non-bonded (customs cleared or US origin goods) and make a single export from the USA (single invoice, single ocean bill of lading, single AES filing?) ======================= ANSWERS: No , full accountability for all merchandise entered into a […]
QUESTION: Does anyone have a copy of the following CCPA decision from 1936?: The Harding Co. v. United States, 23 CCPA 250 (1936) ======================= ANSWERS: If this request came from a lawyer, you owe me a beer. If this came from an importer, I am very curious what you are researching that took you back to […]
QUESTION: We have a customer in Egypt who paid in advance for a container of US origin food products. While preparing all the export documents, the customer told us that all documents had to be sent from our bank to their bank as per new regulations in Egypt. We verified the regulation is […]
QUESTION: I would like to get the memberships option on Freezing an importers IOR number. As per US Customs Regulation 19 CFR 24.5 (f) we are interested in freezing the IOR number because there is another importer with a similar name. Thus, someone could change the address or other information under our IOR as its […]
QUESTION: We need to provide an insurance cost for our inland freight calculation on the EEI. In addition, in some cases we need to provide an inland freight calculation as part of the CIF value for importation into other countries. We are self-insured. Can other self insured companies provide an idea of how they come up […]
QUESTION: In Canada tracksuits are classified as one item, with one HTS and one unit cost; however in the US there are break outs for the top portion and bottoms portion and it is required they be classified separately at the statistical level. How does one handle this when creating styles for both Canada/US market? […]
QUESTION: What are your company’s procedures to ensure that the country of origin is correct for the merchandise received? ========== Answers: We have a LTSD (long term supplier declaration) procedure in place which is also part of our supplier agreements. This exercise is performed on a yearly basis and is currently still manual. But there […]
QUESTION: FDA updated the FD Flag for LEDs under HTS code 8541.40.2000,which is now set at FD2. FDA expects the transmission of entry data for products falling under this HTS code. LED products used for general or local area illumination, such as lamps and lightbulbs, are of special interest to FDA and must be submitted […]
QUESTION: Does anyone have a template for a Freight Forwarder RFQ for US inbound from Asia and Europe they would be willing to share? ========== Answer: A generic template does not really give you much help, what you need is a highly customized approach/template for your SPECIFC business/SC needs. Every case is different. If […]
QUESTION: From an accounting standpoint, when should revenue be recognized, when title transfers to the buyer or when goods are delivered to the buyer? Citing any relevant accounting principles and statutes or customs regs would be helpful. ========== Answers: From a US GAAP perspective, revenue should be recognized when BOTH title AND risk of loss […]
QUESTION: My organization sells product to foreign companies on FCA terms – Named place -> our dock. This means that the invoice value reflects the value of goods at our dock, not the port. According to the regs, we have to add the inland cost to our invoice value in order to determine the […]
QUESTION: We are a US based manufacturer with a plant in Germany. We receive drop ship orders from Germany and ship directly to the European customer on an FCA (our US plant) basis using their paperwork. Recently our German office is fearful of processing a high dollar drop ship order stating duties may be imposed […]
