QUESTION: Does any member have an audit procedure to share when the imported product shipped to your location is customer supplied /free of charge however you are the IOR for the shipment? For auditing purposes, of 01 entries, how do I know the value listed on the Commercial Invoice for customs purposes is correct when […]
QUESTION: I wanted to see if anyone in the group could provide some feedback regarding volume of entries audited.· Based on current entry volume, we had about 9k entries last year, 24K containers, and 34k import POs · PO can have one or multiple items that can be classified the same or can all be […]
QUESTION: Do any members have any basic instructions or examples of building apost-entry audit database using MS Access? I would like to automate our entry auditing and reporting process and haveseen this referenced in various materials as a best practice but am notsure how to get started. ========== Answers: a few basic construction ideas 1- start with […]
I am looking for a way to automate the auditing of our entry summary information. Originally this was being done manually and tracked on a spreadsheet. Due to the number of entries (100s per month) we are looking for either a third party or an automated system. We have two importers of record and use […]
We are wanting to start conducting internal audits in our import department besides the normal auditing of the 7501, etc. Can any other importer advise how often they conduct these internal audits, who does the audits & if anyone has some type of audit check list?
For transactions under CIF or other freight pre-paid terms, I’m interested in knowing what policies other Importers have regarding confirmation of actual charges from the carrier for the freight costs. Specifically, what documentation is provided to the broker and/or passed along to the Importer? What internal control policy or procedure is there with the broker […]
We are currently receiving hard copy documents relating to our customs transactions from both our U.S. and Canadian customs brokers. We are exploring the idea of receiving the information electronically or on a CD. I would like to ask the members how receiving information in this way has either positively or negatively affected their ability […]
Where can I find more specific requirements by country as to whether a signature is required on a commercial invoice (for sold or for no money exchanged transactions) for it to be considered valid for customs purposes?
I’ve been asked to create a commercial invoice template for U.S. import shipments to provide to our vendors. While there is no prescribed format by CBP, does anyone have an “ideal” template they’d be willing to share?
Should a non-physical charge be listed on the commercial invoice? Ex: set up charge, lay-out charge, an charge that was part of the cost to produce the product that is physically shipping to a customer. Although there will be no tangible item in the box it is part of the value of the product being […]
My company was recently aquired by a large European conglomerate. As part of the integration process we will begin to source many of our products with the parent companies vendors. At present we receive a commercial invoice from the factory, however our parent company actually pays the factory, we pay the parent company through a […]