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: I am looking to get some advice from other members on the issue of entered value. U.S. and Canadian customs allow importers to deduct the freight and insurance values from the customs entered value based on the “price actually paid” interpretation. WCO valuation rules also state that freight and insurance can […]
Question: We are sourcing a product from a related company in Country X for $100/case. Country X has an FTA with China. The FTA specific certificate of origin has a field for the invoice value. We are told the invoice value must be shown as $100/case since this is the export sales value. We […]
Question: We have a few parts that have a value of $0.001. If we were to show this item as $0.01 and 5 parts were shipped, the total net on the invoice would show $0.05, when in fact it should be $0.005? How would the membership handle this……would you revise your invoicing system to […]
Question: Anyone have any steps to take (or watch outs) when establishing a transfer pricing policy for a global company with several related parties? ***********
NOTE: Customs Headquarters (CBP) issued a revocation that changes their long standing position that transaction value cannot be used if there are transfer pricing adjustments. CBP’s position is, subject to certain conditions, that if the up/down adjustments are pursuant to formal transfer pricing policies and specifically related (directly or indirectly) to the declared […]
NOTE: Customs Headquarters (CBP) issued a revocation that changes their long standing position that transaction value cannot be used if there are transfer pricing adjustments. CBP’s position is, subject to certain conditions, that if the up/down adjustments are pursuant to formal transfer pricing policies and specifically related (directly or indirectly) to the declared […]
Question: My company has an approved related party transfer pricing methodology in place with US and CA tax authorities in the form of an Advance Pricing Agreement. For those members who have APAs in place, I’d like to know if, and under what circumstances, they let US Customs know of their APA’s existence. […]
Question: Could someone please confirm if commission is or is not dutiable when importing into Guatemala if it is not in the value of the goods? *********
QUESTION: Does anyone in the membership have a valuation presentation for a finance department intended to providing awareness of the various valuation methods and the differences between tax and customs “arms length” methodology? ***************
QUESTION: We are an oilfield services company moving drilling and downhole measuring equipment via intercompany (non-sale) transactions. In most cases an intra- company holding company leases subject equipment to our field offices for work in various countries. Customs in most countries (including the US) allow us to make entry net book (depreciated) […]
Question: Facts: U.S. parent company (which is the importer of record) pays the insurance premium covering its Mexican manufacturing plant’s facility. Mexican company does not reimburse the cost. Question: I am trying to decide whether to include some or all of the insurance premium cost as part of computed value. I have […]
