Import

Questions and answers about Import

  • ANSWER TO Question on XVV for burglar alarms

    QUESTION: Scenario: A group of components, similar to the 5-piece kit described in ruling N301630 (except the siren component does not have a display), is imported as a set put up for retail sale.  When components are imported separately, they are imported under their respective HTS codes, none of which is 8531.10.0035.  The siren component […]

  • Answer to QUESTION ON BROKER REPORTS WITH NON ACE INFO

    QUESTION: What information from import purchases, not required by Customs and therefore not available in ACE reports, like part #, purchase order #, etc. do the members ask their customs brokers to key in at the time of entry? How do members get this non-ACE information from brokers?  How often do you receive this (monthly, […]

  • Answers to QUESTION ON IOR SCENARIO

    QUESTION: Company A in Australia Company B in US, related to Company A Company C in US, un-related to A & B Company D in US, un-related to A, B, and C Company C purchases item from Company B. Company D purchases item from company C. Item is located in Australia, Company C wants Company […]

  • IMPORTING CONSIGNMENT INVENTORY

    QUESTION: I am wondering if anyone acts as the IOR for consignment inventory and if they do, how do you manage the valuation at the time of import since you aren’t paying the supplier at that time and only at the time of consumption?  I am thinking of pricing fluctuations if consignment inventory carries over […]

  • Importing issue

    QUESTION: We currently had to source one of our components to China and this particular company does not export shipments.  We also have a sister company that is directly down the street from this company in China.  What our procurement team has done is instructed the company to bring parts to our sister company and […]

  • Import of consigned goods

    QUESTION: One of the European facilities is planning to sell on consignment to a US customer. If there is no invoice at the time of entry would they need a proforma invoice or how would they show value at time of entry? ============= Answer: Yes a proforma, and a copy of the contract to back […]

  • Shifting from indirect to direct imports

    QUESTION: We have many retail departments that indirectly import (Vendor is importer of record) What are the pros/cons to switching to be the importer aside from the regulatory.   Looking into supply chain factors involved. ========== Answers: I’ve seen many issues with indirect imports, including: Freight included in the dutiable value, resulting in higher duties Duties […]

  • Importing rentals

    QUESTION: Our company is about to import a rental from the UK for 3 or 4 months. When filling out the commercial invoice, what are the specifics the shipper need to enter? HTS and real cost of the “machinery” or cost of rental? This falls under 7322 but should we use a special HTS for […]

  • Re-manufactured Parts

    QUESTION: Are there any US regulations or restrictions on re-manufactured parts being imported to the country? Are re-manufactured parts prohibited to be sold or used in the US? (“Re-manufactured parts” are spare parts restored from an existing part or core using standardized industrial processes in line with specific technical specifications; they fulfill a function equivalent […]

  • Re-manufactured Parts

    QUESTION: Are there any US regulations or restrictions on re-manufactured parts being imported to the country? Are re-manufactured parts prohibited to be sold or used in the US? (“Re-manufactured parts” are spare parts restored from an existing part or core using standardized industrial processes in line with specific technical specifications; they fulfill a function equivalent […]

  • US import liability after divestiture

    QUESTION: So I’m familiar with successor liability concepts in general as it pertains to US imports (and exports). It’s clear in the scenario that Company A sells Company B (including it’s EIN) to Company C. Company C inherits the liability for historical imports by Company B and it’s EIN (generally speaking). Question: Is there any […]

  • Importing on behalf of related company

    QUESTION: I read a lot of questions and answers regarding “Customs Business” and “Corporate Compliance Activities” on behalf of related companies and was wondering the following would be a solution for my company: The following operating companies are all owned by a Non-operating Unit. Company A (EIN 12345) – Employs a trade compliance manager Company […]