Question: Company A located in the US is offered a reduced price to purchase excess stock from a vendor in China. The reduced value will be 80% of what is typically paid. If CBP were to question the valuation, what would be a reasonable explanation for the lower cost shown on the invoice? In some […]
Question: We recently received two requests from two different entities (one related and one not related) in two very different parts of the world to explain the value of sample material our entity is shipping into those countries. I think these are coincidental requests and not related. The request from the unrelated entity was not […]
Question: We are possibly asking some foreign supplier factories to work additional overtime above our standard labor rates. For this we would possibly give them additional compensation. However, as we do that we really have no way to say exactly what items, on what PO, or to what global region those costs should be added […]
Question: I would like to ask the Membership what risk there is to understate a value of SAMPLE product not for sale, especially product that is being tested or in the innovation stage. I work for a food company with manufacturing and sales in Europe and Mexico and I have given guidance to always use […]
Question: I would like to ask the Membership what risk there is to understate a value of SAMPLE product not for sale, especially product that is being tested or in the innovation stage. I work for a food company with manufacturing and sales in Europe and Mexico and I have given guidance to always use […]
Question: We have a customer in Mexico that purchases FCA-Laredo from my company in the US. We need to send them some equipment that is leased, not sold to them. The lease is $75, but the equipment is worth $5,000 USD. Our commercial invoice shows the $75 lease value. Do we need to change the […]
Question: Within the meaning of the definition of PAPP, can I deduct the inland freight from the port to the factory for the empty container? I think not since it is not incidental to the export but looking for guidance here. It would seem the inland freight from the factory to the port for export […]
Question: Hello Members! I’m looking for valuation advise on several scenarios. My company imports (from related party) in Europe, medical equipment used for clinical trials. There is no sale, it’s an internal transfer. Once the equipment arrives in the U.S., it is distributed to sponsors/ CRO’s for clinical trials both domestically and internationally. Since there […]
Question: Dear all, We are a company based in Germany, which receives device for repair purposes from NON-EU-countries or receives repaired devices from NON-EU-countries. We have the following the questions? Question 1: When we repair these devices, we export them afterwards back. Which value is the correct value on the proforma invoices? Is it the […]
Question: We have shipments coming back to the U.S. in their original exported containers. Wrong product was shipped. The plan is to use the U.S. export invoice value as the declared value to Customs for the import. Exports were shipped on a FCA U.S. port basis, and the returns will be shipped on a CFR […]
Question: Our broker pro-rates the total ocean freight under one BOL and entry based on the value of the total shipment. If we had more than one tariff code then should the freight be broken out based on what was charged for each container and what was in that container rather than pro-rated on the […]
Question: I just read a supply agreement that we have in place with a manufacturer. Apparently, there is a two-tiered pricing structure in place. We pay one price if we buy the various presentations of our product from the manufacturer, BUT, do not sell it to an end customer. This is called the “Risk Share […]
