QUESTION: We have an agreement in place which clearly defines that we have a bone fide buying agent. We pay our agent a percentage rate based on the amount invoiced by the supplier and we receive a separate quarterly invoice directly from our agent for the commission. Based upon the Buying and Selling Commissions […]
QUESTION: My head is ready to explode. I export used parts (dirty cores) from the USA to my related facility in Mexico for them to refurbish/restore to “new” condition. I (US company) retain ownership of the items the entire time – the MX plant never takes ownership, they are just hired to do the overhaul/restoration. […]
QUESTION: Can someone direct me to a valuation ruling regarding whether or not foreign project planning and/or management fees are considered an addition to the price paid/payable? If you don’t have ruling but have experience, please share! The project management fees include: capacity planning, price planning, weekly updates, managing sub-suppliers. The project management fees […]
QUESTION: We are an apparel importer. For 2016, we had about 36% of shipments shipped under FS (First Sale) transactions. We would like to know if any of the members are willing to share what was the percentage of their import FS shipments for last year. What percentage of FS transactions per year may raise […]
QUESTION: Company A/US purchased widgets from Company B/US for $50.00. The terms are FOB /Thailand. Company B/US purchases widgets from Company Z/TH for $10.00. Company A/US is the IOR, and receives the Company Z/TH commercial invoice in error, and reports the transaction value of the goods as $10.00. Months later, Company B/US sends a revised […]
QUESTION: I’m looking for advice about whether or not a discount can be applied to the value of replacement parts provided free of charge on a customs purpose invoice. Here’s the scenario: A customer in Australia received a chandelier on which some of the glass parts were broken. My company agreed to ship replacement glass […]
QUESTION: We make certain steel parts in the US which we then sell to our “sister” company in Mexico for some action: heat treating, drilling holes, washing and checking services, etc. Our sister company then sells us the part back to us after they have finished their service action. Due to the fact that the […]
QUESTION: Interested to learn what best practices others are using to control/confirm/audit pricing on invoices – prior to making entry. Trying to cut down on PSC/PEA and Protests for pricing errors. Do most of you pay for your goods: 1 1.) Upon shipment at origin port? 2.) Upon receipt in the U.S.? 3.) Other? ===================== […]
QUESTION: Customs publication about Value it identifies Transaction Value as the price actually paid or payable for merchandise when sold for exportation to United States, Plus amounts equal to ,inter alia, The proceeds of any subsequent resale, disposal, or use of the imported merchandise that accrue, directly or indirectly, to the seller. Does anyone have […]
QUESTION: My US company sells to my Canadian company using intercompany pricing. My Canadian company then sells to a distributor in Canada for a slighter greater price. That distributor sells to a customer in Canada making a profit. It was arranged long ago that when the customer in CA wanted to return the goods, it […]
QUESTION: I’m looking for information regarding selling commissions in the EU, Korea and Japan. I have looked in the Official Journal of the European Union dated 10.10.2013 implemented 5/1/2016 In Article 71 1. (a) (i) it address commissions except buying commission. Does that imply that selling commissions are dutiable? Does the EU have an informed […]
QUESTION: A customer in China had their forwarder change the amount on invoice to less than the transaction value (price paid/payable), and they indicate that is because it is good for customer clearance in china, and that it won’t bring us any trouble. Please confirm that the company in China is incorrect and advise […]
