Question: This year, we paid $20,000 to a foreign supplier, which was for work/software changes pertaining to imported goods. The goods were imported to the USA in 2020, so the entry has long liquidated. Am I off the hook/don’t need to do anything? I’m not on reconciliation, so if it were more timely I would […]
Question: Hello: I have a question related to an additional fee we charge to ship our product faster to customers if they choose this option. This additional fee is related to the process we use to create the product so it can be built and shipped in the fewest days possible. Is this fee dutiable? […]
Question: We have production machinery in Canada that was planned for scrap. In lieu of scrapping, the plan is now to ship to a US production plant for disposition, i.e. whether any parts from the machinery may be retrofitted to other machinery or to be scrapped. The machinery is fully depreciated after having purchased more […]
Question: My company uses a repair and return program in which products from the US and abroad are consolidated and exported to MX, inspected and repaired, and then returned into the US. Products from abroad are brought in bonded, with the initial import into the US occurring after the repair. Products that have previously been […]
Question: When importing residual products such as Argon liquid in an ISO container we are being charged MPF. I would like to know what is the requirement in regard to claiming the value of the container. Am I required to include the value of the container on the Import Clearance Instructions or is it just […]
Question: I am looking for a benchmark across the membership in how your companies build out selling prices to customers. Having experienced various methodologies, I’d like to hear what is common today in the membership. With this said, my preferred method which I’ve experienced most of my career is itemized additional charges whether that be transportation, […]
Question: We design and build complex machinery components (actuators, pumps, etc.) in the USA. Much of the machining we do to create detail parts is done in-house, but we are looking to outsource some of that work. We’re considering shipping some of our metal castings (valued at $500, for example) overseas for further processing – […]
Question: If a company ships raw materials/finished goods as an inter-company sale and stores the goods in a warehouse for anywhere from a few months to years and decides to return the goods inter-company, what value are you declaring to customs? For example: if the item was originally sent at an inter-company price of $100 […]
Question: Hello members, We have a customer based in Mexico, asking about the Value of the racks on the commercial invoice. I know that our racks are part of the instruments of international traffic, as they are suitable for repeated use, only the carriers declare the information on their bond. I don’t know whether this […]
Question: For imports, if broken out on the commercial invoice, are origin CFS and terminal fees allowable deductions? I can’t find anything that specifically states yes or no. Answer 1: Yes, you can. Here are the CBP rulings you need to look up. In HQ H004683, dated April 12, 2007, CBP explained: Transportation and insurance […]
Question: Dear Members, I am working on customs valuation projects that also includes a customs compliance and transfer pricing between two of our business units (U.K and EU). I would like to ask what is the structure of your Customs Valuation SOP? What did you include? Any reference online for structure? I would be very […]
Question: Our customer accidentally combined an FOB and CIF order in the same container. There are two commercial invoices, one is CIF and one is FOB. The CIF invoice is showing 1552.50 for freight and 25.40 for insurance. They included an additional invoice for half the freight and insurance charges when they realized their mistake […]
