Question: Occasionally when purchasing an item companies add on a ‘core charge’ which is refundable once the purchaser returns the defective item. For example: 1 transmission pump $ 600.00 1 pump core charge $ 125.00 Total $ 725.00 How are other members handling this scenario with respect to imports into the U.S. […]
Question:Our company is IOR. We purchase goods from an unrelated foreign middleman and meet all the requirements of first sale as presented by CBP. The foreign middleman passes us the manufacturer’s invoice which is the first cost invoice for dutiable value of our shipments. I am wondering for our Customs compliance procedures, what is the […]
Question: Our company is a large multinational that routinley does retroactive pricing adjustments on product groups for goods that are imported into the U.S. The pricing adjustments need to be disclosed to customs. How are other members of multinational companies handling this? We have identified where the adjustments are coming from and how much we […]
Question: DESCRIPTION OF VALUATION Style 42J9 – original FOB value $2.50 Reduced FOB for Late Ship value$1.42 Style 821D – original FOB value $6.48 Reduced FOB for Late Ship value$4.08 Style 822D – original FOB value $6.92 Reduced FOB for Late Ship value$4.36 Ship date no later than 1May09. Actual ship date for all 3 […]
Question: I ran into an unusual situation regarding valuation of goods for US entry and would like to hear others opinions on how the goods should be valued. The goods involved are articles that were purchased by a Canadian company’s Mexico client from a US company that supplied the goods out of Europe delivered […]
Question: I have been asked to write a company directive on how to handle imports for trade shows and exhibition. We are a global company so the directive needs to speak to imports into the U.S. and other countries around the world. I know each country will have their own guidelines but have no […]
Question: During QC check the buyer determined that one style of sweater was poorly sewn and did not pass inspection. The style was mistakenly packed with other garments and delivered to the forwarder and included on the invoice. It was too late to pull the goods from the consolidator so they shipped to […]
Question: Do any of the members know about an industry practice where the FF deducts a flat 10% from the value of an invoice when the INCO term is C (the 10% is an estimate for the freight and insurance)? I have a FF telling me this is standard industry practice and required […]
Question: We’ve recently implemented a First Sale program with a few suppliers. Our broker has since asked for an increase in their rates to reflect the additional paperwork and steps involved in the first sale entries. Has any other member been asked for a similar rate increase after implementing First Sale?
Question: Our company is new to reconciliation and I was advised to flag everything that comes in and then weed out what doesn’t need to be sent to customs when we file. We are flagging for value. I thought anything that is at transaction value doesn’t need to be flagged and only items coming from […]
Question:Does anyone out there have a policy or procedure on determining the value for used equipment that no longer has value on the books? My company is starting to move older equipment out to some of our global facilities and some of those locations are sending equipment here that they aren’t using. Much of this […]
Question: Goods are imported from a supplier using a mold to be paid for by the importer, but the actual payment for the mold may not happen for 2+ years after the first importation. A purchase order or agreement for the importer to pay for the mold does exist, but quality concerns and other approvals […]
