Question: We are a repair company in the US who receives equipment from a Canadian customer for repair/return. For the part valuation on the CI, we want to list the cost as (parts+labor) + 10% for the equipment. Apart from the additional duty/tax that we would pay for the added 10%, are there any issues […]
Question: We import and export human sera from participants in clinical trails around the globe. My company may, or may not be incorrectly valuing the samples. We are opting to go with the CBP approved valuation method (See GSK and MErck Valuation Rulings) of the cost of extraction + vials + packaging costs. Someone […]
Question: We are a telecom repair company that receives customer owned equipment for repair and then return back to the customer location. If the customer provides the unit value for the equipment shipping, what validation do we need to put in place to ensure the parts are not being over or under valued? For the […]
Question: If intercompany transactions are on a Principal-Distributor model using “resale minus” where the agreement is to ensure the Distributor has a 3% profit, are the values for arms length still on a per line item basis or is it on an overall sales? Answer 1: The transaction value method looks at the profit earned […]
Question: I have been hearing that China prefers DAP port to be used instead of CPT port. Is there any reasoning behind this? Answer 1: C group incoterms are the most seller friendly incoterms. Under CPT the seller transfers the risk for the condition of the goods prior to main carriege. While under DAP the […]
Question: Question on transactional value declaration for export from US & import to Canada. We export from US to Canada. The goods are stored at a distribution center in Canada and when the Canadian consumers place an online order, or a retail store orders a lot of qty, it gets pulled from the distribution center. […]
Question: This year, we paid $20,000 to a foreign supplier, which was for work/software changes pertaining to imported goods. The goods were imported to the USA in 2020, so the entry has long liquidated. Am I off the hook/don’t need to do anything? I’m not on reconciliation, so if it were more timely I would […]
Question: Hello: I have a question related to an additional fee we charge to ship our product faster to customers if they choose this option. This additional fee is related to the process we use to create the product so it can be built and shipped in the fewest days possible. Is this fee dutiable? […]
Question: We have production machinery in Canada that was planned for scrap. In lieu of scrapping, the plan is now to ship to a US production plant for disposition, i.e. whether any parts from the machinery may be retrofitted to other machinery or to be scrapped. The machinery is fully depreciated after having purchased more […]
Question: My company uses a repair and return program in which products from the US and abroad are consolidated and exported to MX, inspected and repaired, and then returned into the US. Products from abroad are brought in bonded, with the initial import into the US occurring after the repair. Products that have previously been […]
Question: When importing residual products such as Argon liquid in an ISO container we are being charged MPF. I would like to know what is the requirement in regard to claiming the value of the container. Am I required to include the value of the container on the Import Clearance Instructions or is it just […]
Question: I am looking for a benchmark across the membership in how your companies build out selling prices to customers. Having experienced various methodologies, I’d like to hear what is common today in the membership. With this said, my preferred method which I’ve experienced most of my career is itemized additional charges whether that be transportation, […]
