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. ==========
Question: A customer sent a repair with an understated value on it, it cleared off the manifest and correction request has been sent to the carrier. The repair was done and the customer now wants us to put the understated value in the body of our Commercial Invoice used for export back to them along […]
Question: Does anyone know where I can find examples of penalties for improper valuation of related party transactions? I am trying to convince Finance that we need to examine our Transfer Pricing Policy based on the CBP requirements, but they think that their income tax study is enough (I’ve already shown them the CBP publication […]
Question: Does anyone know where I can find examples of penalties for improper valuation of related party transactions? I am trying to convince Finance that we need to examine our Transfer Pricing Policy based on the CBP requirements, but they think that their income tax study is enough (I’ve already shown them the CBP publication […]
Question: oes anyone know where I can find examples of penalties for improper valuation of related party transactions? I am trying to convince Finance that we need to examine our Transfer Pricing Policy based on the CBP requirements, but they think that their income tax study is enough (I’ve already shown them the CBP publication […]
Question: We are setting up distribution into Canada and are planning the process for returns from Canada back to the US into an FTZ. Since we are shipping to a related party subsidiary in Canada, do we need to use the transfer price on the returns invoice? Or will the value be the price […]
Question: We wanted to get your thoughts on the differences in terms of duty savings between having a bona fide buying agent and implementing a First Sale program. In both instances, you’re paying duty subject only towards the manufacturer’s invoice. If our vendor database qualifies under the requirements of being bona fide buying […]
Question: How does the membership deal with imports containing one or more conditionally ‘free’ items while the remaining items were paid for. For example: a purchase of three LCD monitors at $200 each entities the buyer / importer a fourth LCD monitor at no charge. Must a value for the fourth item be determined […]
Question: I have sets that would qualify under GRI 3(b). However, these sets are imported at no charge (however value claimed at time of import) and are not for retail sale. The sets are given away at trade shows. Therefore these no charge, no retail sets, at time of import the components […]
Question: If there is no transaction value, on a shipment between unrelated parties, is there any legal standing to skip down to deductive or computed value or must one go directly to the next valuation method (value of identical or similar) first ? ***************
