I understand that all charges related to imported merchandise (or words to that effect) must be declared on the entry summary, whether they are dutiable or not. This is where the NDC field comes into play. Has anyone ever seen an actual penalty situation where the NDC’s are incorrectly declared on an entry?
My company has recently switched to the Transactional Net Margin Method (TNMM) for inter-company transfer pricing. Does US Customs have an issue with this methodology? I was told the study was conducted to be in compliance with both the OECD guidelines and the US 482 rules. I’m having difficulty finding US 482 rules in order […]
QUESTION: RE: Canadian Royalty Payments Do you have any insight as to how the WCO interpretation of the dutiable treatment of royalty payments may impact Canadian valuation laws? What becomes of the Canada vs. Mattel decision once the WCO position is formally documented in April of 2008?
My company purchases items from our mfg site in Europe and ships direct to the US customer. We are the importer of record and use the intercompany value on the CI. However, the US sales person may agree to a price with the end customer that is less than my company is paying to our […]
Question: I have a question regarding how to determine value of fully depreciated item. The item are being returned back to the USA for storage purposes and some of the tapes are over 5 years old. The current value of each tape is 31.00. Obviously we dont want to use this amount, and at the […]
We are sending coupons to a 3rd party in Canada who will do consumer mailings for us. When declaring the value of the goods on the customs invoice is the value just for the printed paper coupons themselves – or is the value the actual redemption value of the coupons? This is a new one […]
I have a question for 9802 use of goods returning after repair abroad. The HTS 9802.00.40 or 9802.0050 states to use either 1.) the cost to the importer of such change, OR, 2.)if no charge is made, the value of such change. My question is for example, what if the total costs to repair is […]
I plan to submit the following scenarios for a binding ruling but wanted to get the opinion of the membership first. My company imports equipment with additional software options embedded upon it. As imported, the value of the operating system is included in the price of the hardware. The operating system allows the equipment to […]
Our Vendors are contacted by the import team whenever there are quantity discrepancies. The transportation team requests vendors to provide an invoice for the items received in overage and/or a credit memo for the shortages. Corrections are made to the Customs entry reflecting the exact amount received. However, we are now getting into vendor compliance […]
Regarding drop shipments from our foreign or domestic vendor direct to our customer outside the U.S. – and specifically in regards to the values shown on the customs invoice, it seems as though these are our options: 1. Either ask our vendor to re-do customs invoice to reflect sales price or prepare it ourselves and […]
Software Value If we load customer supplied software on our hardware and drop ship the product to our customer’s end user. How would the value of the software be stated on the invoice? Should their be a value for the hardware and value for the software listed separately on the export documents? How do you […]
Question for the membership: is there an effective date yet for importers to include a declaration for First Sale Valuation if it applies on an entry? We have been following the updates on First Sale Valuation, developments in the Farm Bill, etc. We are now hearing from our broker that effective 08/18/08 we are required […]
