Valuation

Question: can anybody give some guidance about what valuation to use when sendingwarranty replacements free of charge for the end user to Israel? Cost of goods sold? Sales value?

Question:Transaction value question: It turns out that my predecessor set up a double invoicing method. There is a proforma invoice which shows the values declared to US Customs. These values are our cost for the goods. Sometimes when our customer handles the entry, they show our sell cost for the goods. When I got here […]

Question: Does anyone have any update on the status of the First Sale Rule? Congress requested that CBP monitor all First Sale imports.  It was mandated that all IORs using the First Sale Rule had to flag their imports from Septemebr 2008 to August 2009.  What was the result of the study?  Where is CBP […]

Question:I have heard reference to trade compliance departments needing to know the different chart of accounts or general ledger accounts as an indication of good control procedures.  My assumption is that these can be used to justify the valuation of imported goods and as a good source of identifying vendors/suppliers outside the US.  My ssumption […]

Question: Is there any one in the group importing containers under FOBterms but deducting certain costs paid by the vendor such as terminalhandling charges, foreign inland freight charges, port security fee, etc? If so, would they be able to show any comments on how they set the programupto ensure the U S broker had all […]

Question: I’m stumped on this one and hoping the membership can provide some guidance.We are importing items that have associated royalties.  The twist is that theamount will vary depending on whether we sell to an external customer, aninternal customer or as an upgrade to a customer.  At the time of importationwe have no idea when […]

Question:Does anyone in the membership use consignment inventory? For countries that do not offer reconciliation, how do you ensure the value declared matches the value actually paid at time of consumption of the goods, if the value changes after importation under non DDP terms?    I’m particularly interested in how this would be treated in China, […]

Question:We’re having a difference of opinions on entered value and how to present it to Customs.  If my invoice terms are CIF but all the lines are broken out and a FOB value is clearly stated on the invoice is the broker required to begin with the CIF value and work backwards, or can he […]

Question:I am interested in knowing what methods of appraisement are being used for U.S. imports from IMMEX companies.  In my experience, I have always seen computed value used as the method for appraisement.  Is anyone using a valuation method other than computed value?

Question: Our suppliers are including desiccant bags (to control moisture) in ourinbound containers.  They are adding a separate line on the commercial invoicefor the cost of the bags.  Since this is packaging, we will be adding the costof these to make market value on the entry (+MMV).  I am not sure if we needto declared […]

Question:I have got myself confused about how to value the output of a lot of research and development work. This applies to EU imports, but most probably a similar situation will occur in the USA so all responses are welcome. A made up scenario is below to help explain: An overseas company spends $2 million […]

Question: We are going to have import shipment direct ship from Mauritius to USA.I am not an expert in this area. The merchandise is textile apparel. I would like to know “Does the material cost must include the cost oftransport the material to Mauritius or any other designated countries insub- Saharan Africa?”