[Skip to Content]

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

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 the import value of your products.

  1. Tools, dies, molds, and similar items used in producing the imported merchandise.
  2. Materials, components, parts, and similar items incorporated into the product.
  3. Merchandise consumed in producing the imported merchandise.
  4. Engineering, development, artwork, design work, plans and sketches that are undertaken outside the United States.

Remember: The lump sum value of any assist is considered part of the transaction value of the merchandise. First, the value of the assist is determined; then the value should be declared on the first shipment or alternatively prorated to the unit cost of the imported merchandise.

Stay compliant and avoid unnecessary fines!

Contributed by Jim Trubits, Senior Advisor. Jim Trubits is a licensed Customs broker and certified Customs specialist.

Download PDF

FacebooktwitterlinkedinFacebooktwitterlinkedin

Twitter LinkedIn

Contact Us.

1-800-996-6429
info@mohawkglobalta.com

Please enter the characters below
captcha

Our Team

Our staff of licensed advisors have the knowledge and experience to help you solve your toughest supply chain management, international logistics, and domestic transportation challenges.

Our Team

Our Services

Whether you're in international freight, customer service, supply management, distribution management, finance, legal, or other functions, we provide strategies and solutions to make your job easier and your team more effective.

Our Services

Twitter LinkedIn
Contact Us.
1.800.996.6429
info@mohawkglobalta.com
Twitter LinkedIn

Please enter the characters below
captcha

Mohawk Global Trade Advisors, a division of Mohawk Global Logistics © 2016 | Privacy Policy | Entries (RSS) TwitterLinkedIn
Mohawk Global Trade Advisors, a division of Mohawk Global Logistics © 2016