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 ***************
QUESTION: Our foreign customer (the FPPI in this transaction) places an order to our company in the US under EXW terms to be drop shipped to their end customer. The end customer nominates a freight forwarder to act as their appointed US agent. Under EXW terms the appointed agent should file the EEI as a […]
QUESTION: For customs brokers and trade compliance professionals, is ExWork Large Courier sample from Netherlands via the same large courier air to the US, eligible for freight deduction on 7501? Large courier shipping cost is a part of the commercial invoice, and I do not know whether it is the “inland freight cost” or not. […]
QUESTION: We are closing one of our company’s pharmaceutical laboratory facilities overseas. They have hundreds of boxes of records; most are for the US, some for Europe. They will be sending the records back to the applicable corporate locations. We cannot leave them overseas or convert them to electronic storage (most of them are likely […]
QUESTION: I have an inquiry about customs valuation for rental goods. The WTO Customs valuation agreement is built upon sales of goods with the different customs valuation methods. However, there is no guideline how to calculate goods for rental within this agreement. What I mean is renting out, for example, trackers together with packaging, never […]
QUESTION: Is there a good resource to identify which countries include or excluded transportation costs in their dutiable value? *************** Answers: I asked myself the same question a few years ago. I am no aware of one source of the truth about this. I have learned though, that most countries base dutiable value on the […]
QUESTION: Safety Training materials including manuals and placards and includes virtual training from outside the US. All of the items are priced separately including the virtual training. Is the virtual training a part of the Customs value when importing the training materials? If yes, is it pro-rated over the goods which fall in different tariff […]
QUESTION: We source most of our goods from our plant in China, but also have other suppliers in China and other countries. We are looking for duty savings opportunities and beyond duty drawback (which we are participating) would like to look at First Sale. Would the other suppliers need to be distributors as opposed to […]
QUESTION: We are looking at implementing a surcharge program with 2 of our suppliers in China. The premise is that we will be paying a base price with each purchase order but then adjusting based on a quarterly average for aluminum and currency. We could be receiving either a debit or credit from these suppliers […]
QUESTION: With duty savings in mind, our finance team asked us if there was any way that the value of US origin components incorporated overseas into a finished product that is then imported into the USA could be deducted from the overall value of the imported item. The idea is that the duty rate is […]
QUESTION: We have new business of where we would consign parts to foreign supplier, who will then assemble and then ship/import to US to our company. In reviewing customs valuation / encyclopedia, is the correct valuation as follows? Cost of Components + Assembly Fee = Import Valuation For cost of components, this would be the price […]
QUESTION: We have imports on DAP (US warehouse location) which includes our contracted ocean rate built into the cost of the product. After reviewing the regulations and CBP’s ICP on freight deductions, I do not believe is it acceptable to use the contract’s rate because that may not be the actual cost of freight. Moreover, […]
