Valuation

Valuation

  • Customs Valuation – Intra-company

    OT Fact Sheet: Origin Certification Requirements QUESTION: Our company moves material from the US to Europe for storage at a local European Warehouse. From there we fulfill sales orders to various customers within the EU. The move is considered an intra-company move internally so no real sale is involved on the movement from US to […]

  • Sample Evaluation Value

    OT Fact Sheet: Origin Certification Requirements QUESTION: We will soon be importing a chemical library with no transactional value. These potentially will only be for sample evaluations for our internal labs. If we are not able to get to get the cost to produce these goods, and are not selling these goods, is there any […]

  • Value Recon

    QUESTION: If we have entries flagged for recon the arrive with an overage of material, no change in value/unit, can that increased quantity and value be disclosed in recon?  There is no change in duty or fees as items qualify for USMCA duty free. Or, do we need to file a PSC? ************** Answers:Depends what […]

  • SHIPPING VALUATION

    QUESTION: We had some internal pricing confusion leading to a miscommunication on a customer quote.  An accessory item was assumed to be included in the pricing, when it is not.  Sales would like to offer it at a steep discount in this case (below our cost).  If the discount is agreed to before the shipment, […]

  • Answers to Question on Value Recon

    QUESTION: If we have entries flagged for recon the arrive with an overage of material, no change in value/unit, can that increased quantity and value be disclosed in recon?  There is no change in duty or fees as items qualify for USMCA duty free. Or, do we need to file a PSC? ************** Answers:Depends what […]

  • Answers to QUESTION ON SHIPPING VALUATION

    QUESTION:We had some internal pricing confusion leading to a miscommunication on a customer quote.  An accessory item was assumed to be included in the pricing, when it is not.  Sales would like to offer it at a steep discount in this case (below our cost).  If the discount is agreed to before the shipment, is […]

  • What value to declare for an inter-company transfer

    QUESTION: We are shipping used hardware from our US location to our Canada location.  The hardware components are a few years old and we are unsure what value we (should) note. Should we use the original purchase value, the depreciated value, or, the replacement value?  We are not selling, simply transferring the product to be […]

  • VALUATION SCENARIO

    QUESTION: Looking for feedback on the following valuation scenario: US Company A issues a PO to US Company B, but parts are shipping from a German Company. German Company issues a Proforma invoice (for US Customs purposes), but the price declared is considerably lower than what US Company A is paying US Company B. If […]

  • Invoiced value vs INCOTERM

    QUESTION: I am wondering how other companies manage the issue of wanting to pay for all transport, duty and taxes at destination, essentially DDP, and how this intention is reflected on the invoice. We’ve been going back and forth on how best to reflect this on the invoice and explain to the destination customs broker. […]

  • Invoice Adjustment Question – Valuation

    QUESTION: We are hoping to get your input on how to handle estimated freight as we have conflicting answers and perspectives.  If a client has an invoice for $7000 ($5000 of product + $2000 of estimated freight) how do you list the entered value for US Customs?  We know that the estimated freight is not […]

  • MANUFACTURING COST AND TRANSACTION VALUE

    QUESTION: Hypothetically, if the price paid/payable for an item being sold/exported to Mexico is $100K, and $90K of that is derived from the cost of the specialized manufacturing which took place in the USA, does the origin of the any components even matter for USMCA qualification since they collectively comprise under the 10% of the […]

  • NON-COMMERCIAL VALUATIONS

    QUESTION: For Non-Commercial materials, how does your Company calculate Pro Forma Values for Customs purposes (method of valuation used) for Active Pharmaceutical Ingredient (API), Drug Product (DP), and non-commercial R&D materials? 2. For Non-Commercial Valuation, how does your Company compute Pro Forma Value for Customs? ******************* Answers: This is a good question.  The answer starts […]