QUESTION: Can anyone verify the correct UK website for their “new” HTS codes since Brexit? %%%%%%%%%% ANSWERS; We, in the US, are still using this site and our offices in England and Aberdeen advise it is the correct one to use post Brexit: https://www.trade-tariff.service.gov.uk/sections The Online Trade Tariff: Look up commodity codes, import duty, VAT […]
QUESTION: What is the difference Dangerous goods and Hazmat? For example: Shipping Li-ion batteries UN3481 PI967 II – is not considered DG. Can someone help explain why this will not be considered a DG shipment? %%%%%%%%%% ANSWERS: Technical Instructions for the Safe Transportation of Dangerous Goods by Air and the UN model regulations: “Dangerous goods are […]
QUESTION: We did a transfer pricing study for customs and it appears that we overvalued our products for import . In other words, the US parent company owes our Canadian subsidiary certain amount. The intercompany transfer was made for tax purposes but I wanted to know if we are required to inform CBP. I would […]
QUESTION: The regulations state that if the FPPI chooses to appoint a freight forwarder to facilitate the shipment, the freight forwarder must be in the United States. The question is, can the FPPI’s freight forwarder from overseas create the shipment label or does that defeat the rule about appointing a U.S. agent? =========== Answer: There’s no law […]
QUESTION: Looking for industry input if companies are screening against the US SAM list as part of your screening program? This list is the System for Award Management. It is my understanding that entities/persons on this list cannot apply or be awarded government assistance; but are not considered debarred or sanctioned from international activities. I […]
QUESTION: Company A USA transfers inventory to Company B South Korea both are related entities. Company B repairs the goods and returns the goods back to the USA. I am looking for guidelines for transfer price valuation for shipping these items to South Korea for South Korea customs purposes. ***************** Answers: Korea is a part of the […]
QUESTION: Hi we import novelty items and toys. Historically, we have been using 50% weight and 50% volume method to calculate the ocean freight cost. Our products are hardly considered heavy weight. What is your common practices on freight calculation? My experiences with other companies I worked for are all based on volume. What do […]
QUESTION: My company is looking into renewing the contracts with our export freight forwarders who are also responsible for the export filing. What export compliance requirements or KPIs are typically included in freight forwarder contracts? **************** Answers: “our export freight forwarders who are also responsible for the export filing”… actually, they are filing on your […]
QUESTION: Hi we import novelty items and toys. Historically, we have been using 50% weight and 50% volume method to calculate the ocean freight cost. Our products are hardly considered heavy weight. What is your common practices on freight calculation? My experiences with other companies I worked for are all based on volume. What do […]
QUESTION: We issue End User Forms for international orders to identify all parties in a transaction, including the end user, and to also to confirm the party will not export, re-export, or otherwise distribute any products in violation of the United States Export Administration Regulations. Most of our international transactions involve sales to our distributors […]
QUESTION: We have a supplier citing force majeure with Covid-19 as the reason for extremely delayed delivery of ocean cargo goods. My company is caught in the middle, having missed shipments with our customer due to the lack of raw materials. Any members facing this situation? Even if not, please share your opinion as to […]
QUESTION: I would like to send as a gift to my Nephew my used Rolex that is worth about $12K, he is in Frankfurt and I’m on Miami, what will be the best way to send the watch and what will be the customs implications ========== Answer: That is a tough one. I believe courier […]
