While updating our Import Compliance Manual, I came across some information which indicates that stuffing container charges, whether or not paid to the seller, are considered as dutiable packing. I have asked various local contacts and they were also surprised to hear this. I can only assume that we are all missing something that allows […]
I have some questions regarding plastic reusable pallets: * If product is imported on a plastic reusable pallet, does the value of the pallet need to be shown on the commercial invoice? * Is duty paid on the pallet? I believe this may be related to the Incoterm used but not sure. * If the […]
When declaring other charges on form 7501, what is the definitive answer to making a statistically correct Ocean Freight declaration! Our corporate policy is to buy only on an FOB basis so that we get the exact cost and never confront having to prove the exact cost on a CFR transaction. But the basic ocean […]
Question: My company (in US) purchases from foreign related party. We use transaction value. However, this year, after fiscal year ends in October, we found out Accounting made an upward adjustment in payment to foreign related party in order to adhere to the Corporate profit/finance guidelines. I would like to pose the question to the […]
A freight-forwarder / 3PL in Europe accepts defective returns on behalf of their customer, a U.S. manufacturer, then consolidates and ships to the U.S. on a weekly basis. Values on shipping documentation show their U.S. customer’s internal transfer pricing. The freight forwarder references themselves as the shipper on both the invoice and bills of lading. […]
I have some questions regarding plastic reusable pallets: * If product is imported on a plastic reusable pallet, does the value of the pallet need to be shown on the commercial invoice? * Is duty paid on the pallet? I believe this may be related to the Incoterm used but not sure. * If the […]
Question: I would like to ask the membership what should be the correct entered value for the below scenario? US Company issues a domestic purchase order to a US supplier. The US supplier places the order to an overseas manufacturer and ships directly to the US company and the US company is the IOR. The […]
Our company has hired a global procurement consultant to help find suppliers and savings by purchasing overseas. They will be paid a percentage of the actual savings for any new supplier they set up for us for the next 3 years. Will the payment to the consultant for the savings be an assist or a […]
The company entered into an agreement with a chip manufacturer to use their patented digital technology in a high definition radio, and was required to sign a non-exclusive intellectual property license agreement, within which was contained a section discussing royalties. One paragraph in this sections reads “In exchange for the license grants to Licensee, Licensee […]
Our purchasing group issues a PO and authorizes the payment of an extra charge for tooling. Our Customs group subsequently declares the tooling against the import entries. Later, it is determined that the vendor never invoiced us for the extra charge and purchasing is wanting to close w/o paying the vendor for the extra charge. […]
We import a raw material which is used to manufacturer a product which becomes US origin. Duty is paid on the raw material upon importation. The finished product is eligible for manufacturing drawback when exported. Question: We want to send some of the finished product abroad to be improved in value but will not result […]
Question: I am looking for case studies that show a US company’s liability when they ship product overseas and prepare low value invoices at the request of their overseas customers. Assuming the US company would have liability with the receiving country’s customs authorities? We have suspicion that this is being done in our industry by […]
