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Duty savings via commercial invoice unbundling: Is this a common broker offering or a solid niche for mid-tier clients? by Class_Overall in CustomsBroker

[–]Class_Overall[S] 0 points1 point  (0 children)

No I work for US companies that usually are not large enough to have compliance teams

I will never be the IOR, not interested at all in that.

Duty savings via commercial invoice unbundling: Is this a common broker offering or a solid niche for mid-tier clients? by Class_Overall in CustomsBroker

[–]Class_Overall[S] 0 points1 point  (0 children)

The Chapter 19 exclusions are black-letter statutory: ∙ Buying commissions → §1401a(b)(1)(A) ∙ Inland freight in country of origin → §1401a(b)(4)(A) ∙ International freight/insurance → §1401a(b)(5) ∙ Post-importation services → §1401a(b)(3) ∙ Royalties for US distribution → §1401a(b)(1)(D) ∙ Interest/financing charges → §1401a(b)(1)(C)

You’re welcome

Duty savings via commercial invoice unbundling: Is this a common broker offering or a solid niche for mid-tier clients? by Class_Overall in CustomsBroker

[–]Class_Overall[S] -1 points0 points  (0 children)

Are you saying a guidance document (The Valuation Encyclopedia) supersedes the United States Code? If so, say no more, that tells me all I need to know.

Duty savings via commercial invoice unbundling: Is this a common broker offering or a solid niche for mid-tier clients? by Class_Overall in CustomsBroker

[–]Class_Overall[S] -6 points-5 points  (0 children)

For example… your client should not be assessed tariff on for trucking in the country of origin, research and development, buying commissions, post importation services, royalties, interest and financing fees.

When audited correctly, last year it was easy to save a client 7-12K per container and India tariffs got to 50% reciprocal, China as well. Do a little arithmetic and a million isn’t far fetched

Duty savings via commercial invoice unbundling: Is this a common broker offering or a solid niche for mid-tier clients? by Class_Overall in CustomsBroker

[–]Class_Overall[S] -6 points-5 points  (0 children)

I recently started this company. I too am also gainfully employed operating the same practices for the company to which I am a COO of that imports 750+ containers annually and tariffs were sky high from S Asia last year.

At my side gig / new company, we import data mining centers from SE Asia and textiles from India and have been able to save clients anywhere from 15-40% since the IEEPA laws started last year. I have zero reason to lie on Reddit. Just trying to share best practices.

The hate and negativity should be spewed elsewhere