Question: I would like to ask the Membership what risk there is to understate a value of SAMPLE product not for sale, especially product that is being tested or in the innovation stage. I work for a food company with manufacturing and sales in Europe and Mexico and I have given guidance to always use […]
Question: We have a customer in Mexico that purchases FCA-Laredo from my company in the US. We need to send them some equipment that is leased, not sold to them. The lease is $75, but the equipment is worth $5,000 USD. Our commercial invoice shows the $75 lease value. Do we need to change the […]
Question: Within the meaning of the definition of PAPP, can I deduct the inland freight from the port to the factory for the empty container? I think not since it is not incidental to the export but looking for guidance here. It would seem the inland freight from the factory to the port for export […]
Question: Hello Members! I’m looking for valuation advise on several scenarios. My company imports (from related party) in Europe, medical equipment used for clinical trials. There is no sale, it’s an internal transfer. Once the equipment arrives in the U.S., it is distributed to sponsors/ CRO’s for clinical trials both domestically and internationally. Since there […]
Question: Dear all, We are a company based in Germany, which receives device for repair purposes from NON-EU-countries or receives repaired devices from NON-EU-countries. We have the following the questions? Question 1: When we repair these devices, we export them afterwards back. Which value is the correct value on the proforma invoices? Is it the […]
Question: We have shipments coming back to the U.S. in their original exported containers. Wrong product was shipped. The plan is to use the U.S. export invoice value as the declared value to Customs for the import. Exports were shipped on a FCA U.S. port basis, and the returns will be shipped on a CFR […]
Question: Our broker pro-rates the total ocean freight under one BOL and entry based on the value of the total shipment. If we had more than one tariff code then should the freight be broken out based on what was charged for each container and what was in that container rather than pro-rated on the […]
Question: I just read a supply agreement that we have in place with a manufacturer. Apparently, there is a two-tiered pricing structure in place. We pay one price if we buy the various presentations of our product from the manufacturer, BUT, do not sell it to an end customer. This is called the “Risk Share […]
Question: I recently joined a company and in assessing things as one does, I learned that for the past several years there have not been transfer price adjustments, period. Not prospective or retroactive. The company uses CPM method. What have occurred are profitability adjustments that occur once or twice throughout the fiscal year, and then […]
Question: We’re trying to work out the valuation of research and development and clinical samples produced by a contract manufacturing organization (CMO). We export the raw material to the CMO, and the CMO provides the labor and turns the raw material into vials of drug samples for testing purposes. What information do we need to […]
Question: With the drive globally for sustainability there will be an increase in the sale of materials that are made sustainably. For instance, you have polymers that are manufactured with petroleum-based feedstocks (let’s call those virgin polymer) to polymers that are now produced with renewable feedstocks (let’s call those renewable polymers). Chemically the renewable polymer and […]
Question: How does one go about valuing goods, using the fallback method, which it DOES NOT OWN, and hence has really no idea about? I’m thinking about US SERVICE PROVIDERS – who import goods solely to perform a service on them. They don’t purchase anything, don’t take title, and truly have no idea about the […]
