Question: I have a question for the membership regarding how companies value samples that are being sent to customers at no charge, but they still require a “valid” valuation for Customs purposes on the commercial invoice. We are a semi-conductor company, so I am particularly interested in how semi-conductor companies value samples (components, evaluation boards […]
Question: Our customer sends an item to us for testing with our product. The value the customer uses is suspect to be undervalued at time of U.S. import. We use a higher value for U.S. import purposes. At time of export back to the customer, can we use the customers values so their paperwork matches […]
Question: Sales office in EU receives an order from a country outside EU and instructs their manufacturing plant in either China or India to arrange drop shipment directly to end customer. An ‘Inter-Company’ Pro-Forma Invoice (letterhead showing address of EU sales office) will be used for shipping purposes and a separate ‘sales’ Invoice will be […]
Question: Scenario: -Products are MPF free due to NAFTA qualification (US import), and duty free (US & Canadian import). -At the time of shipment, only an estimated/accrued freight cost is known. -Actual paid freight is not known until roughly 30 days after the shipment takes place, after having been billed by the carrier and payment […]
Scenario: We are importing goods from a foreign company who is owned by a legal entity in the US. In the past the foreign company provided commercial documents to us for importation into the US. Our broker used these documents to make entry. We recently discovered that we were paying the US entity […]
Can the membership please advise on the correct valuation to use for the following scenario: We are a U.S. Company who sells food product to our Canadian Company (there is an intercompany sale) but product is shipped directly to the Canadian customer who is invoiced by our Canadian Company. On the Canadian invoice we declare […]
Can the membership please advise on the correct valuation to use for the following scenario: We are a U.S. Company who sells food product to our Canadian Company (there is an intercompany sale) but product is shipped directly to the Canadian customer who is invoiced by our Canadian Company. On the Canadian invoice we declare […]
Question: Where do I start learning about it? If it has been used on existing transactions, how do I audit the transactions? Do you have a checklist for needed items when setting using first sale with your import? ==========
Question: We are importing special temperature reading monitors to use to monitor temperature of our exports. The specialized temp monitors are purchased by our foreign parent from an unrelated 3rd party overseas. Upon receipt of an order, the 3rd party ships the temp monitors directly from inventory already purchased by our parent. […]
Question: Greetings Everyone. I have just recently joined ICPA and have been enjoying the wealth of information it affords. I know that Customs (CBP) has ruled that price tags and hang tags affixed to merchandise prior to its exportation to the U.S., is considered packing costs and should be included in the dutiable value […]
QUESTION: Scenario: US parent company purchases hardware and/or software in the U.S. to be used in its foreign subsidiary offices for normal business purposes (not manufacturing of items). How would the hardware/software be valued for export purposes? Does it depend on if the parent company will be selling to the subsidiary? Can it […]
Question: Would any of the members have a copy of TD 96-87 to share ? ========== Here you go. ==========
