QUESTION: If we have entries flagged for recon the arrive with an overage of material, no change in value/unit, can that increased quantity and value be disclosed in recon? There is no change in duty or fees as items qualify for USMCA duty free. Or, do we need to file a PSC? ************** Answers:Depends what […]
QUESTION: We had some internal pricing confusion leading to a miscommunication on a customer quote. An accessory item was assumed to be included in the pricing, when it is not. Sales would like to offer it at a steep discount in this case (below our cost). If the discount is agreed to before the shipment, […]
QUESTION: If we have entries flagged for recon the arrive with an overage of material, no change in value/unit, can that increased quantity and value be disclosed in recon? There is no change in duty or fees as items qualify for USMCA duty free. Or, do we need to file a PSC? ************** Answers:Depends what […]
QUESTION:We had some internal pricing confusion leading to a miscommunication on a customer quote. An accessory item was assumed to be included in the pricing, when it is not. Sales would like to offer it at a steep discount in this case (below our cost). If the discount is agreed to before the shipment, is […]
QUESTION: We are shipping used hardware from our US location to our Canada location. The hardware components are a few years old and we are unsure what value we (should) note. Should we use the original purchase value, the depreciated value, or, the replacement value? We are not selling, simply transferring the product to be […]
QUESTION: Looking for feedback on the following valuation scenario: US Company A issues a PO to US Company B, but parts are shipping from a German Company. German Company issues a Proforma invoice (for US Customs purposes), but the price declared is considerably lower than what US Company A is paying US Company B. If […]
QUESTION: I am wondering how other companies manage the issue of wanting to pay for all transport, duty and taxes at destination, essentially DDP, and how this intention is reflected on the invoice. We’ve been going back and forth on how best to reflect this on the invoice and explain to the destination customs broker. […]
QUESTION: We are hoping to get your input on how to handle estimated freight as we have conflicting answers and perspectives. If a client has an invoice for $7000 ($5000 of product + $2000 of estimated freight) how do you list the entered value for US Customs? We know that the estimated freight is not […]
QUESTION: Hypothetically, if the price paid/payable for an item being sold/exported to Mexico is $100K, and $90K of that is derived from the cost of the specialized manufacturing which took place in the USA, does the origin of the any components even matter for USMCA qualification since they collectively comprise under the 10% of the […]
QUESTION: For Non-Commercial materials, how does your Company calculate Pro Forma Values for Customs purposes (method of valuation used) for Active Pharmaceutical Ingredient (API), Drug Product (DP), and non-commercial R&D materials? 2. For Non-Commercial Valuation, how does your Company compute Pro Forma Value for Customs? ******************* Answers: This is a good question. The answer starts […]
QUESTION: What valuation method should be applied to the following scenario: China sells product to US Entity. For this example, lets say the unit value is $100. In some cases the China company is related. For this example, lets say they are not related. The product ships direct to Canada Entity which is related to […]
QUESTION: We are reassessing our inventory allocation globally. We’ve found slow moving inventory in country X that is fast moving in the US. We want to bring this back to the US. Some has been sitting for a while and was about to be written off and destroyed so I. That market there is no […]
