QUESTION: I have a question regarding how to declare the Proceeds of Subsequent Resale. The example provided for in the regs under 19 CFR 152.103 (G) does not clearly define the type of transaction which I am thinking would also constitute a Proceeds of Subsequent Resale. The example provided in the regs, […]
QUESTION: Occasionally we export used parts (mostly automotive related) for evaluation or testing purposes. What value should be used on the Invoice and for AES? Is there a guideline or regulation that says it has to be a certain % of the original/new value? Or does it need to be the fair market […]
QUESTION: I’ve received a commercial invoice that include state taxes for California. We are purchasing from a company in Michigan, but the product is shipping from Finland. Is this state tax dutiable? ***************
QUESTION: We have a distributor that is constantly asking my company to ship direct to their end user. In this scenario, our shipment leaves from Malaysia and ships direct to their customer in Mexico where their customer takes possession of the goods for import and acts as IOR. The problem is, the 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: 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. […]
