Question: A business unit is a service provider which is a fulfillment warehouse. The fulfillment warehouse services the customer by providing the following services of receiving, storing, packaging and distributing the customers goods. The customer initiates any actions to their goods and the fulfillment follows the command. I am learning that these customers will place […]
Question: I downloaded import activity via ACE and found an import shipment that needed to be questioned. So here it goes. My USA company enters into an agreement with a domestic USA seller for the purchase of machine parts. Unknown to me, the domestic USA seller goes to his overseas foreign affiliate, that overseas foreign […]
Question: From what I understand, in order to be the designated Importer of Record (IOR) into Mexico, you must have a physical presence in Mexico. Looking for member input concerning what constitutes as a “physical presence” in Mexico (brick & mortar, sales office, tank with product, a Mexican entity, etc.), other requirement considerations related to […]
Question: Just as US Customs has a form and procedure to establish an EIN as an IOR, does it have a corresponding form and procedure to de-activate (terminate) an IOR? We’ve already revoked the POA to the broker and terminating the continuous entry bond, so it seems that this would be the final step. ========== […]
Question: Looking for some expertise and guidance pertaining to the ‘pros & cons’ of integrating our wholly owned subsidiary, currently their own IOR, into the parent company’s IOR. Our wholly owned subsidiary has a division that imports bedroom/ dining room furniture, which is currently classified as CVD/ ADD from China […]
Question: We are working with our large and important Canadian distributor to update our return process, as recommended/directed by our sales team. Each year, the CA distributor locations are allowed one large return of product back to our distribution center (DC) in the US. Currently we are the US importer of record. The shipments are […]
Question: We work at a warehouse where we pick pack and distribute goods for big pharmaceutical companies. The pharmaceutical companies have their customs brokers who clear their goods, the pharmaceutical companies act as the IOR, and these pharmaceutical companies even have their trade compliance departments. Normal business process. However, there has been a great increase […]
Question: What, if any, issues, fines, fees and/or penalties, might result if Customs audited a company in the US and discovered: The company made an agreement to pay a vendor in the US to act as the €œImporter of Record€ for widgets imported from a manufacturer in China that was subject to A/D and C/V. […]
Question: Under the Directive (Right to Make Entry) what are the pros and cons of a licensed customs broker acting as importer of record? I came across some companies that want us (LCB) to be the IOR for their transactions and their belief is that they will not be subject to trade compliance, […]
Question: For a US import shipment under DDP terms, only the foreign shipper can be the importer of record (IOR) and no other party can be the IOR- is this correct? If yes, is this based on DDP rules? If another party can be the IOR, what other incoterm can we base this […]
QUESTION: I am the owner of a dry shipper which is used in the pharmaceutical industry to ship perishable drugs at cryogenic temperatures. We rent/lease these shippers to various drug companies for their own use. Some dry shippers are sent overseas and empty shipper returning to the lessee for their use again. The […]
Question: In doing some research on our imports, I have come to realize that we have some Brokers acting as IORs and some shipments where we are the IOR. For companies that have several EINs, what benefit (if any) is there to having one IOR number? If I move from having the Broker be the […]
