QUESTION: I need to figure out the correct value for import of a replacement product under warranty. Company A imports the finished good from a related party, if the good turns out to be defective then under the warranty the related party sends them a replacement good. So it isn’t that they send out the […]
QUESTION: A parent company in the USA has a subsidiary in China that manufactures finished goods and ships them to the parent company. As the parties are related, the finished product includes a markup for profit. The subsidiary in China also provides the parent company with purchased parts to be used in the manufacturing process […]
OT Fact Sheet: Origin Certification Requirements QUESTION: Our company moves material from the US to Europe for storage at a local European Warehouse. From there we fulfill sales orders to various customers within the EU. The move is considered an intra-company move internally so no real sale is involved on the movement from US to […]
OT Fact Sheet: Origin Certification Requirements QUESTION: We will soon be importing a chemical library with no transactional value. These potentially will only be for sample evaluations for our internal labs. If we are not able to get to get the cost to produce these goods, and are not selling these goods, is there any […]
QUESTION: If we have entries flagged for recon the arrive with an overage of material, no change in value/unit, can that increased quantity and value be disclosed in recon? There is no change in duty or fees as items qualify for USMCA duty free. Or, do we need to file a PSC? ************** Answers:Depends what […]
QUESTION: We had some internal pricing confusion leading to a miscommunication on a customer quote. An accessory item was assumed to be included in the pricing, when it is not. Sales would like to offer it at a steep discount in this case (below our cost). If the discount is agreed to before the shipment, […]
QUESTION: If we have entries flagged for recon the arrive with an overage of material, no change in value/unit, can that increased quantity and value be disclosed in recon? There is no change in duty or fees as items qualify for USMCA duty free. Or, do we need to file a PSC? ************** Answers:Depends what […]
QUESTION:We had some internal pricing confusion leading to a miscommunication on a customer quote. An accessory item was assumed to be included in the pricing, when it is not. Sales would like to offer it at a steep discount in this case (below our cost). If the discount is agreed to before the shipment, is […]
QUESTION: We are shipping used hardware from our US location to our Canada location. The hardware components are a few years old and we are unsure what value we (should) note. Should we use the original purchase value, the depreciated value, or, the replacement value? We are not selling, simply transferring the product to be […]
QUESTION: Looking for feedback on the following valuation scenario: US Company A issues a PO to US Company B, but parts are shipping from a German Company. German Company issues a Proforma invoice (for US Customs purposes), but the price declared is considerably lower than what US Company A is paying US Company B. If […]
QUESTION: I am wondering how other companies manage the issue of wanting to pay for all transport, duty and taxes at destination, essentially DDP, and how this intention is reflected on the invoice. We’ve been going back and forth on how best to reflect this on the invoice and explain to the destination customs broker. […]
QUESTION: We are hoping to get your input on how to handle estimated freight as we have conflicting answers and perspectives. If a client has an invoice for $7000 ($5000 of product + $2000 of estimated freight) how do you list the entered value for US Customs? We know that the estimated freight is not […]
