Question:I am wondering if anyone ever came across any guidelines from CBP on how to correctly allocate charges / value between multiple entry line items when NDC are deducted from C&F, CIF etc. The allocation can be done by weight or by value, and as a result, entry values per line item will be different. […]
Question:Finance uses a fixed formula to calculate the Transfer price used for related party transactions (transaction value is used for import transactions). In the US, some of these related party transactions are subject to ADD. We recently discovered that Finance had to make retroactive Transfer pricing adjustments. We requested our ITRAC/FOIA data and plan to […]
Question:When Equipment such as computers and equipment has been fully depreciated off the books and the company wants to redeploy them to a different site for use. How do people in this membership come up with an acceptable value for customs purposes? And can the Customs value be different than the Tax Value since the […]
Question:I would like the memberships input on how to handle the following situation. We import fabric/leather to be used on our Customers seats. Our customer purchases the material directly from a manufacturer (international) who then ships it to us here in the states. As the PO is between 2 other parties, we have no visibility […]
Question:I am wondering if the First Sale value is accepted for importations into Mexico. Also, I heard in the U.S. importers choosing to use the first sale appraisement can go 1.5 years back to reclaim the overpaid duties. If that is correct, what is the right way to go about that? Recon?
Question: I’m hoping the membership will be able to provide ideas on consistentlyproviding Customs valuation for warranty repairs (to be exported.) In thesecases, there is no transaction value as we are not charging the customer forthe repairs. We are a small company and we do not collect repair costs,either labor or materials, for each warranty […]
Question: We generate a waste by-product (contaminated sulfuric acid) that will be sent to a recycler on the other side of the border. This way we avoid an environmental disposal fee and the recycler can clean it up and then sell back out to industry for other applications (but not ours). Our by-product […]
Question: Has anyone in the membership gone through a valuation challenge (in particular, sale of used manufacturing machinery to a related party exported from the US to China), in China, and can you offer any tips on how to successfully navigate the process?
China woven ribbon with selvege edge currently have both ADD & CVDinvestigations. The CVD case has been currently preliminarily affirmedand has CVD being deposited. Believe preliminary ADD action is stillpending. Questions: – If both the CVD and ADD cases are affirmed does one take precedent over the other (highest rate) or would both […]
We have negotiated a first cost, $5.00, for the production of widgets.This cost includes a dutiable charge of $1.25/widget based on ordering aminimum of 100 widgets daily. If our daily orders total less than 100 widgets the factory will send usan additional invoice quarterly to cover the minimum requirements. I amneeding the memberships guidance […]
I need your expertise. I am studying for the broker license and stuck withthis question. The answer is E but I don’t know how …. please help. 47. What is the transaction value (rounded to the nearest dollar) of ashipment with details as follows:$16,050 CIF NY, Duties and Merchandise Processing Fee (MPF) paidPrice Includes: $3000 […]
I have a question regarding intercompany transfer. The situation is our manufacture parts we sell domestically a customer is returning some that are un-used, they didn’t need or want them anymore. We do not want to put them back into inventory as they are an older version. My question is because they are not back […]
