Our purchasing group issues a PO and authorizes the payment of an extra charge for tooling. Our Customs group subsequently declares the tooling against the import entries. Later, it is determined that the vendor never invoiced us for the extra charge and purchasing is wanting to close w/o paying the vendor for the extra charge. […]
We import a raw material which is used to manufacturer a product which becomes US origin. Duty is paid on the raw material upon importation. The finished product is eligible for manufacturing drawback when exported. Question: We want to send some of the finished product abroad to be improved in value but will not result […]
Question: I am looking for case studies that show a US company’s liability when they ship product overseas and prepare low value invoices at the request of their overseas customers. Assuming the US company would have liability with the receiving country’s customs authorities? We have suspicion that this is being done in our industry by […]
QUESTION ON REBATES FROM FOREIGN VENDORS; I would like to know how other companies are handling with Customs getting rebates from foreign vendors. What are their company procedures regarding how this is done? We are looking into receiving rebates at the end of the fiscal year for certain products that have high duties.
9802.00.40 WARRANTY REPAIR VALUE: I have a question about what value to declare for a product that was imported once, exported and re-imported after being repaired under warranty and re-imported under 9802.00.40. If I originally paid $100 for the item and the repairs are worth $20, I know the dutiable value under the Chapter 1-97 […]
Question: I am writing a procedure for 13+ international sites to reference when entering a warranty order and detailing value for customs. – the product is shipping to the related party. I suggest we use the cost (mfg or purchased price). – if the product is shipping direct to the customer and they will see […]
I would like to know how other companies are handling with Customs getting rebates from foreign vendors. What are their company procedures regarding how this is done? We are looking into receiving rebates at the end of the fiscal year for certain products that have high duties.
This question is for any member who imports into Canada. Buying commissions are not part of the value for duty. Do you report them in any way to CBSA? Are you supposed to change the value for duty code to reflect a change in the price paid for the goods?
Question: The majority of our suppliers are intercompany. We purchase under an Exworks pricing term and a DDU delivery term therefore nothing is included in the price of the product and our suppliers prepay and add the freight to the invoice. Our entered value is the subtotal of the exworks price. Our broker is telling […]
We offer a 3% early payment discount to many of our importing customers. How should this be handled on the commercial invoice? Should we show the list sales price (which agrees with the Letter of Credit) and include verbiage reflecting a possible discount for early payment or should we send the buyer a corrected CI […]
We are moving some used manufacturing equipment from the U.S. to several overseas facilities. The declared value should be the original value of the machinery less depreciation. Am I correct?
My company is currently going through a Focused Assessment. Our Customs auditor is questioning whether our buying commissions aren’t actually selling commissions. We have buying agreements on file for all of our buying agents. We receive separate invoices for the commissions as well. We have some commission vendors who have both a U.S. office and […]
