Valuation

QUESTION: Like to ask the membership a question about software that is downloaded on to our machine once it has been installed at the international customer site. Because it is not being exported on our PC that controls the machine at time of export, do you remove that value from the commercial invoice, i.e. System […]

QUESTION: I have a question regarding what is the correct value to be declared on an import. Scenario- domestic company issues a p.o. to us (USA company), we issue a p.o. to our manufacturer in China. They ship the goods to the USA, to our clients door directly. Entry made under our name, for we […]

QUESTION: We are undergoing a Customs Audit of related party transactions. We are a US company. the Customs authority is outside the US and in the country of a related entity. The auditors asked for the detailed costs that comprise our full standard cost. Our Finance team is reluctant to provide this level of detail. […]

QUESTION: We currently participate in the First Sale Program. All of our vendors (that are part of our FS program) are from Asia and our company is now looking to implement a consolidation center to build full containers. The goods may be stored for a few days or a few months. My advise was as […]

QUESTION: Does anyone in the membership know if other countries have duty saving programs in place for multi-tiered transactions similar to the First Sale program in the United States? Specifically looking for countries like China, India & Saudi Arabia, but would be interested to know if other countries have a program as well. ========== Answers: […]

QUESTION: Can the membership help explain how sets are valued for customs purposes. Example: 1) We are importing Bed Sheet sets. Each set contains 2 pillow cases, 1 Flat sheet, 1 Fitted Sheet. Each component has its own tariff code and must be declared separately on the entry. We receive a commercial invoice where the […]

QUESTION: Our US entity is purchasing materials from a third party supplier, cutting to size, then re-selling to a joint venture partner for the same price that they originally paid to the supplier. They are not adding any mark up or charging for the added labor. I have expressed concern that this does not follow […]

QUESTION: This is something brand new that has come up. While I do (not) see anything wrong with the transaction it is strange and something that I have never seen. This is a drop shipment in which all 3 entities are related. The first transaction is a purchase of finished goods (Not Dutiable) between MD […]

QUESTION: I have been working with the TP team to set up a process to capture any future adjustments. The first adjustment will come in March or April, 2020. Our TPs are out of whack and we need to bring them into alignment with normal pricing of unrelated transactions. However, these seem to be so […]

QUESTION: Scenario: Australian based company is importing to US using Foreign importer filer ID shipping to a fulfillment center (e-commerce model) . Can they declare as transaction sale value the cost of goods they paid to the manufacturer or do they need to declare sale value in the US (sale value to end customer)? ========== […]

QUESTION: Need some help figuring out whether transaction value or a “first sale” value applies for the following US import transaction: • Company A (US) purchases products from Company B (UK) at an FCA (Origin) price of USD $35.45 each. • Company B (UK) purchases products from Company C (TW) to fill the order at […]