Question: I’m hoping the membership will be able to provide ideas on consistentlyproviding Customs valuation for warranty repairs (to be exported.) In thesecases, there is no transaction value as we are not charging the customer forthe repairs. We are a small company and we do not collect repair costs,either labor or materials, for each warranty […]
Question: We generate a waste by-product (contaminated sulfuric acid) that will be sent to a recycler on the other side of the border. This way we avoid an environmental disposal fee and the recycler can clean it up and then sell back out to industry for other applications (but not ours). Our by-product […]
Question: Has anyone in the membership gone through a valuation challenge (in particular, sale of used manufacturing machinery to a related party exported from the US to China), in China, and can you offer any tips on how to successfully navigate the process?
China woven ribbon with selvege edge currently have both ADD & CVDinvestigations. The CVD case has been currently preliminarily affirmedand has CVD being deposited. Believe preliminary ADD action is stillpending. Questions: – If both the CVD and ADD cases are affirmed does one take precedent over the other (highest rate) or would both […]
We have negotiated a first cost, $5.00, for the production of widgets.This cost includes a dutiable charge of $1.25/widget based on ordering aminimum of 100 widgets daily. If our daily orders total less than 100 widgets the factory will send usan additional invoice quarterly to cover the minimum requirements. I amneeding the memberships guidance […]
I need your expertise. I am studying for the broker license and stuck withthis question. The answer is E but I don’t know how …. please help. 47. What is the transaction value (rounded to the nearest dollar) of ashipment with details as follows:$16,050 CIF NY, Duties and Merchandise Processing Fee (MPF) paidPrice Includes: $3000 […]
I have a question regarding intercompany transfer. The situation is our manufacture parts we sell domestically a customer is returning some that are un-used, they didn’t need or want them anymore. We do not want to put them back into inventory as they are an older version. My question is because they are not back […]
A vendor recently shipped a certain quantity of item A with an agreed uponpurchase price reflected on the invoice for those goods. The vendor shippedan additional quantity of item B which was not ordered, and listedas “F.O.C” (free of charge) on the commercial invoice. If PPP is the price agreed upon at export, and the […]
Question:Does anybody have a transfer price procedure that can be shared with me?
Question:As part of our warranty service program, we receive goods from overseas customers for repair. After repair we ship the goods back to the overseas customer. I am trying to determine what value to report to US Customs at the time of importing into the US (it’s a defective item) as well as what value […]
Question:I was wondering if the membership can help me better understand through providing resources, or your own understanding of how hedging in a foreign currency and the exchange rate affects the entered value of an importation. Generally, it is standard that the foreign currency is calculated at the USD equivalent set forth under 19 CFR […]
Question: My company is exporting prototype PCBs for testing to our office inShanghai.The prototypes have no commercial value since they are pre-productionR&D stage. The only value I can devise is the price we paid for theboards, components, etc. How does the industry value their prototypes?Obviously, I need to use a defensible methodology, but seek somefeedback. […]
