Question: We recently had an inquiry to supply parts for a distributor in Russia. The parts would be sold to them and then inventoried and sold at a later date. The company themselves check out ok when I screened them against all the new sanctions. I’d like to investigate the best way to ensure that […]
Question: My question concerns the license value to be used in AES. I have asked a number of colleagues and I get different opinions. Let’s assume we have an export license for Product X: When we applied for the license, the unit value we used was $2,000. Six months later we have a sale at […]
Question: Good day ICPA Members, I was hoping some of you, who use the west coast (LA/LBC) ocean ports, could share your current logistics situation with me. We have a fair amount of ocean volume coming through the west coast and have for the last 2-3 weeks seen our turn time for CFS availability climb […]
Question: We are required to use one of the express carriers for all shipments that we pay for when possible. This is a nightmare for import compliance. We now require the carrier to contact us for instruction for EVERY import shipment so that we can provide proper instruction. Most shipments are items coming in from […]
Question: Does anyone have a template letter to send to distributors to remind them of US export regulations and restrictions on exporting to sanctioned parties? ========== Addl Answer: I have seen many such letters/ contract provisions and have drafted a few of them myself for clients. Most of the template documents that I have seen […]
Question: Our tax department self-assesses and accrues state use tax on purchase orders placed on vendors for material not included in the Cost of Goods Sold (COGS). Is this state use tax considered part of the price paid or payable? ========== Addl Answers: It is not clear, why an importer would ever be paying use […]
Question: Our affiliate in Mexico is planning on making direct purchase of fashion accessories from a U.S. vendor. Terms will be FCA U.S. port and they want the terms to be FCA Miami, FL, the location of our Distribution Center. The intention is then to consolidate these goods with the goods coming out of the […]
Question: Our tax department self-assesses and accrues state use tax on purchase orders placed on vendors for material not included in the Cost of Goods Sold (COGS). Is this state use tax considered part of the price paid or payable? ========== yes
Question: We are required to use one of the express carriers for all shipments that we pay for when possible. This is a nightmare for import compliance. We now require the carrier to contact us for instruction for EVERY import shipment so that we can provide proper instruction. Most shipments are items coming in from […]
Question: Does anyone have a template letter to send to distributors to remind them of US export regulations and restrictions on exporting to sanctioned parties? ========== Answers: Should also be in your T & Cs and in your contracts ========== Here’s some language, but this should not be in a reminder letter, but rather in […]
Question: We are looking to implement a database to consolidate and streamline import and export information globally (such as: HTS / ECCN classification, Customs descriptions, OGA requirements, etc).Based on the following criteria: 1 Part # = Multiple country HTS codes, Customs descriptions, OGA requirements, etc. Approx 30,000 part # per country Database would be in […]
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. ========== […]
