Question: Hi Membership, I have a couple of questions regarding valuation determination. The pharmaceutical company I am working with is working to determine the valuation of a material currently being used in a clinical trial. When determining the valuation: Should the cost of transportation from Depot to Depot and Depot to Site be included in […]
Question: Hello Team, we are doing a project to reduce our duties paid and it appears the only way to “deduct” foreign inland freight is to move to ExWorks or ship CIF (door to port). Has anyone else ventured down this path and what were your findings? What other unanticipated obstacles did you run into? […]
Question: We have a bundled “kit” that we sell to our customers. They will require separate classifications, separate values and separate origins reported on an entry. However, included in this “kit” are intangible things like a user’s license and a warranty. Everything is broken out on separate lines underneath the actual bundle part number. The […]
QUESTION: Under the fallback valuation method is the cost of processing performed in the US allowed as a deduction to the entered value? The product has no value in the sense that we are not charging our “customers” for pick-up of the product, freight to move the product to our locations or any processing fees. […]
QUESTION: If one exports an item ($10,000 value) to be repaired, and the value of the repair is $2,000, when I re-import to the USA, what VALUE would I declare if I DO NOT WANT TO USE 9802 (which is optional)? In other words, I’m just going to declare the base HTS and pay duty/mpf […]
QUESTION: For FOB goods out of China into the US – is there ever a circumstance when the following fee’s could be considered NDC’s (Nondutiable Charges. Inland origin transportation fees Vendor Management Fees Document fees ========== Answer: Is there ever a circumstance when the following fees could be considered NDC’s? Yes. But it really depends […]
QUESTION: I’m looking for a resource to share with Finance folks outlining the differences between Customs and IRS transfer pricing and the why behind why Customs cares. =========== Answers: Basically IRS allows companies to report import transactions on a calendar or fiscal year basis. Customs laws require actual import values to be reported on an […]
QUESTION: Is it acceptable to value goods returned for repair at the ORIGINAL SALE PRICE? We are small enough and all items have serial # that we can tie all items back to the original sales order/export, so we use the original sale price as the value of the good returned/imported to the USA for […]
Add’l Answer: I am not sure if there is some confusion here. The value law has six methods of appraisement. See 19 USC 1401a. These are: Method 1: Transaction value. Method 2: Transaction value of identical goods. Method 3: Transaction value of similar goods. Method 4: Deductive method. Method 5: […]
QUESTION: We have a circumstance where we are buying what are called “spot buys” for microprocessors that our vendor cannot source. So we, a USA company are purchasing them internationally, having them sent to us and we are forwarding them to our vendor in Mexico, to assemble onto the pc boards they are manufacturing for […]
QUESTION: Is a subscription part of the dutiable value? The definition of a subscription in this case is an agreement a customer makes in advance to receive something for a specific period of time. In this situation, the subscription would be for technical support, software updates, & licensing. The pricing agreement that the customer signs […]
QUESTION: As of 6/2022, does CBP still require an “F” by the line value if claiming first sale? ************ Answers: no-that hasn’t been a requirement for several years now (your broker should be giving you the same answer) ************** Yes, the First Sale indicator is required for those transactions ***************
