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Manufacturing with Dies and Molds: What’s the Real Cost?

April 26, 2016 White Papers assists, import valuation, U.S. Customs

When outsourcing production overseas, U.S. companies will often rely on a foreign vendor to fabricate custom dies and molds to use as part of the manufacturing process. Typically, the vendor will invoice the U.S. buyer separately for the work. Sometimes it’s provided to the buyer at a reduced rate or free of charge. Although this…

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Import Compliance and Customs Assists: What’s the Real Cost?

May 23, 2011 Trade Translation assists, Customs, duty, import, import value, importers, Jim Trubits, lump sum value, mohawk global trade advisors, mold manufacturing, U.S. Customs, U.S. importers

Many of our clients produce molds as part of their manufacturing process. Did you know? US Customs requires that importers not only pay duty on the physical product, but also pay duty on “assists” that aided in the production of that product. According to US Customs, these listed assists should be reported as part of…

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