Question: 19 CFR 152.101(c) is an “importer’s option” under the Valuation of Merchandise. Is it required to use an importer’s option when using computed value and request the use of computed value? I’ve already requested administrative advice and have obtained an information letter from the Valuations and Special Programs Branch. The written letter, as […]
QUESTION: There is a program calls “QA” and not sure any membership use this to import their products. As I know, this QA transaction work as the following: There are 3 parties involved, the importer, vendor, and a non-relate inspection company. The importer will bring in goods base on a FOB […]
Question: Most countries using transaction value use also CIF for customs valuation. In the US does someone have a good practice where the freight forwarder provides the freight cost to the broker to calculate the CIF value for duty calculation? *********
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: We are working through freight deductions on CIF orders. I have received actual freight bills from our suppliers giving me the backup so I can make the proper freight deduction from the value reported to US Customs. However, the freight bills are listing some additional fees. Standard fees for transportation, but not directly […]
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. If […]
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) value of the […]
QUESTION: I would like to ask the membership if anyone can confirm if “handling charges” would be an addition to Transaction Value when identified as a separate line item on the commercial invoice. Are they to be treated as “packing costs”? ********************
Question: I have recently been hired as a TC analyst in my new company. I have been conducting audits to verify values. One of the types of products we import are tolled products. I have been asking questions about the valuation policy for Tolled goods. I am told that there is no value for the […]
Question:We have a supplier who is providing a volume discount on certain products we import . The discount will be taken 12 months after the initial product is imported and the discount amount will vary depending on the number of units purchased during the calendar year. Initially we will pay the supplier the full about […]
Question: Please advise how to value a machine that currently has no value on the books…it has been sitting in a foreign warehouse for about six years because it didn’t work at first. The company went out of business. Now we found someone to repair the machinery. Original cost was about 600K. The value of […]
uestion: Our company’s internal policy on payment for overages and shortages is thatif the supplier over ships, or short ships, by 5% that our accountingdepartment will not claim the variance with the supplier, but will pay theinvoice as billed. The argument is that the costs associated with disputingsuch variances will outweigh the benefits, and that […]
