An Assist is an item of value provided to the foreign seller directly or indirectly, by the U.S. buyer or importer*, without cost or at a reduced value, which is used to produce IMPORTED articles. Assists are a dutiable addition to the value of the imported articles and must be reported to Customs.
How do you declare an assist?
How do you declare Assists? Assists can be declared in one lump sum on one shipment or divided and spread out over multiple shipments. You can do so using the commercial or pro-forma invoice accompanying the shipment during importation. It can be added in as a line item, but it must detail the assist and its value.3 ene 2017
How is the value of an assist reported to Customs?
In determining the value of an assist, the following rules apply: 1. The value is either a) the cost of acquiring the assist, if acquired by the importer from an unrelated seller, or b) the cost of producing the assist, if produced by the importer or a person related to the importer.
What is the purpose of customs valuation?
Definition. Customs valuation is a customs procedure applied to determine the customs value of imported goods. If the rate of duty is ad valorem, the customs value is essential to determine the duty to be paid on an imported good.