QUESTION: Would any members have a copy of TD 85-124 to share ? Can find anything but rulings referencing the decision. ========== Answer: I do not have a copy of TD 85-124 , however, I do have info from a Senior Import Specialist at the Electronics CEE- Enforcement Division in Memphis on this matter, see […]
QUESTION: Currently our Canadian company is sourcing goods from China and re-selling to our US Company. Transfer pricing case is in place due to related party transaction. We paid duty on the highest price of goods when sending product to the U.S. My questions: If our Canadian company imports directly to the US as an […]
QUESTION: Does anyone in the membership have any information or resources on the mechanism of filing a transfer price adjustment with CBP? I have searched and found various resources regarding the methods and requirements therein, but nothing on the actual mechanism. I also asked our broker if they were familiar with the process and they […]
QUESTION: SCENARIO I work for a U.S. company. We import an item from a European vendor, make a few minor alterations (minor enough that the tariff classification does not change), and then sell the item to a customer in a different European country. The customer is now returning units to us that have been used […]
QUESTION: Currently our Canadian company is sourcing goods from China and re-selling to our US Company. Transfer pricing case is in place due to related party transaction. We paid duty on the highest price of goods when sending product to the U.S. My questions: If our Canadian company imports directly to the US as an […]
QUESTION: I am trying to determine the best method for determining the value of a repair part. The part in question is produced at our facility in the USA and shipped to the UK. Once the product lifespan is used, it’s returned to the USA for repair. The repaired part is then shipped back to […]
QUESTION: Our company will be purchasing sheet sets consisting of a flat sheet, a fitted sheet and 2 pillowcases of at least 55% cotton. These will not be packaged for retail sale at the time of import. There are multiple rulings in CROSS that show that the sheets should be classified separately as 6302.31.9020 and […]
QUESTION: Is there a problem with changing the Transfer Price of a product to account for unforeseen the Section 301 duty? The transfer prices have already been set and include an amount for duty. The current transfer price, inclusive of previous duty amount, results in leaving an agreed amount of profit at our related party […]
QUESTION: Can the membership help explain how sets are valued for customs purposes. Example: 1) We are importing Bed Sheet sets. Each set contains 2 pillow cases, 1 Flat sheet, 1 Fitted Sheet. Each component has its own tariff code and must be declared separately on the entry. We receive a commercial invoice where the Bed […]
QUESTION: We are in the process of returning a raw material that we imported about a year ago to the supplier due to quality issue. Supplier mentioned that it will be scrap/disposed thereafter. In such scenario, As import duty are payable at destination. How do we value this batch of defective raw material, would it […]
QUESTION: I recently learned that the price that is on the system generated invoices for international plant to plant stock transfer orders is the actual costs, and does not include any mark up for profit. Normally, I would expect a mark-up for profit to be required for these transactions. Does the fact that the Mexican […]
QUESTION: FTR Title 15 Part 30.29(a) states: “The return of goods not licensed by a US Government agency and not subject to the ITAR, temporarily imported for repair and alteration, and declared as such on importation shall have Schedule B number 9801.10.0000. The value shall only include parts and labor. The value of the original […]
