Question: We have a few parts that have a value of $0.001. If we were to show this item as $0.01 and 5 parts were shipped, the total net on the invoice would show $0.05, when in fact it should be $0.005? How would the membership handle this……would you revise your invoicing system to […]
Question: Anyone have any steps to take (or watch outs) when establishing a transfer pricing policy for a global company with several related parties? ***********
NOTE: Customs Headquarters (CBP) issued a revocation that changes their long standing position that transaction value cannot be used if there are transfer pricing adjustments. CBP’s position is, subject to certain conditions, that if the up/down adjustments are pursuant to formal transfer pricing policies and specifically related (directly or indirectly) to the declared […]
NOTE: Customs Headquarters (CBP) issued a revocation that changes their long standing position that transaction value cannot be used if there are transfer pricing adjustments. CBP’s position is, subject to certain conditions, that if the up/down adjustments are pursuant to formal transfer pricing policies and specifically related (directly or indirectly) to the declared […]
Question: My company has an approved related party transfer pricing methodology in place with US and CA tax authorities in the form of an Advance Pricing Agreement. For those members who have APAs in place, I’d like to know if, and under what circumstances, they let US Customs know of their APA’s existence. […]
Question: Could someone please confirm if commission is or is not dutiable when importing into Guatemala if it is not in the value of the goods? *********
QUESTION: Does anyone in the membership have a valuation presentation for a finance department intended to providing awareness of the various valuation methods and the differences between tax and customs “arms length” methodology? ***************
QUESTION: We are an oilfield services company moving drilling and downhole measuring equipment via intercompany (non-sale) transactions. In most cases an intra- company holding company leases subject equipment to our field offices for work in various countries. Customs in most countries (including the US) allow us to make entry net book (depreciated) […]
Question: Facts: U.S. parent company (which is the importer of record) pays the insurance premium covering its Mexican manufacturing plant’s facility. Mexican company does not reimburse the cost. Question: I am trying to decide whether to include some or all of the insurance premium cost as part of computed value. I have […]
Should this have been a real emergency you would be toast. files/Answer%20Database%20Attachments/US_Customs_Valuation1.pdf
Question: I am wondering how other companies deal with kits that comprise of bunch of spare parts sold as one part number. There is no essential character for these spare parts. They will be purchased and shipped without repackaging. It’s usually very difficult to have the vendors provide the breakdown with pricing for each […]
Question: We have a very detailed 13 page Buying Agent’s Agreement that outlines details between non-exclusive Buying Agent “A” and our company. Few key points from Buying Agent’s Agreement pertinent to my point: 1)Agent agrees not to act as a seller or seller’s agent in any transaction involving our company. 2)Agent agrees not to […]
