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 […]
