QUESTION ON REBATES FROM FOREIGN VENDORS; I would like to know how other companies are handling with Customs getting rebates from foreign vendors. What are their company procedures regarding how this is done? We are looking into receiving rebates at the end of the fiscal year for certain products that have high duties.
9802.00.40 WARRANTY REPAIR VALUE: I have a question about what value to declare for a product that was imported once, exported and re-imported after being repaired under warranty and re-imported under 9802.00.40. If I originally paid $100 for the item and the repairs are worth $20, I know the dutiable value under the Chapter 1-97 […]
Question: I am writing a procedure for 13+ international sites to reference when entering a warranty order and detailing value for customs. – the product is shipping to the related party. I suggest we use the cost (mfg or purchased price). – if the product is shipping direct to the customer and they will see […]
I would like to know how other companies are handling with Customs getting rebates from foreign vendors. What are their company procedures regarding how this is done? We are looking into receiving rebates at the end of the fiscal year for certain products that have high duties.
This question is for any member who imports into Canada. Buying commissions are not part of the value for duty. Do you report them in any way to CBSA? Are you supposed to change the value for duty code to reflect a change in the price paid for the goods?
Question: The majority of our suppliers are intercompany. We purchase under an Exworks pricing term and a DDU delivery term therefore nothing is included in the price of the product and our suppliers prepay and add the freight to the invoice. Our entered value is the subtotal of the exworks price. Our broker is telling […]
We offer a 3% early payment discount to many of our importing customers. How should this be handled on the commercial invoice? Should we show the list sales price (which agrees with the Letter of Credit) and include verbiage reflecting a possible discount for early payment or should we send the buyer a corrected CI […]
We are moving some used manufacturing equipment from the U.S. to several overseas facilities. The declared value should be the original value of the machinery less depreciation. Am I correct?
My company is currently going through a Focused Assessment. Our Customs auditor is questioning whether our buying commissions aren’t actually selling commissions. We have buying agreements on file for all of our buying agents. We receive separate invoices for the commissions as well. We have some commission vendors who have both a U.S. office and […]
We are sending no charge samples to a related company in China that will be doing some production for us. We always put the true value for customs purposes but China is insisting we keep it under $50 to avoid paying taxes. I need a regulation or some offical verbage that states the law and […]
I’d be interested to know how others handle this logistics scenario. A U.S. parent company receives a purchase order from its U.S customer. The U.S. parent places a subsequent order for the material with its subsidiary in Belgium. The Belgium subsidiary (manufacturer) drop ships the completed order directly to the U.S. customer. The Belgium subsidiary […]
I’d be interested to know how others handle this logistics scenario. A U.S. parent company receives a purchase order from its U.S customer. The U.S. parent places a subsequent order for the material with its subsidiary in Belgium. The Belgium subsidiary (manufacturer) drop ships the completed order directly to the U.S. customer. The Belgium subsidiary […]
