Part 14: Valuation & Appraisement of Merchandise
Videos of the Day
•
16m
Using the real CBLE Example for valuation question... Calculations begin with brokerage fees totaling 4,950, followed by ocean freight costs of 4,300. Duty types such as ad valorem, specific, and compound duties are explained, with a specific duty rate of $240 based on weight. The assessment of MPF includes minimum and maximum rates, and regulations on merchandise processing fees are outlined. Customs examiners' roles in determining fees and duties are clarified, along with X factory terms and ISO codes for countries like Switzerland.
#Code of Federal Regulations (CFR) Title 19
#Part 152
Up Next in Videos of the Day
-
Transportation-In-Bond | Merchandise-...
Key focus of this lecture is in-bond movement of freight while under CBP custody.
#Code of Federal Regulations (CFR) Title 19
#Part 165 -
Part 7: Recordkeeping
Brokers must prioritize avoiding conflicts of interest and ensuring client confidentiality. They are required to disclose potential conflicts and secure client information. Regulations mandate informing clients about access to confidential data and proper storage methods. Knowledgeable employees ...
-
Part 19: Duty Drawback
Protest procedures enable the submission of additional information under specific regulations. Timely filing is crucial for drawback claims, as untimely exports can affect them. Claims need prompt amendments to challenge liquidations. Restructuring claims improves efficiency but must adhere to cu...