Importing for Amazon: 8 Steps to Begin Selling on Amazon

Importing For Amazon: 8 Steps to Begin Selling on Amazon

Those who want to sell products manufactured outside the United States using Fulfillment by Amazon (FBA) will need to learn the basics of importing and the steps for becoming an Amazon seller. FBA sellers can import their products, send them directly to an Amazon warehouse, and fulfill customer orders without having to see or touch…

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What is an Importer of Record?

What is an Importer of Record?

An Importer of Record is responsible for entry documents required by U.S. Customs and Border Protection, product classification, payment of duties, and other import obligations needed to import goods into the United States. The Importer of Record (IOR) is the owner, purchaser, consignee, or authorized Customs broker of imported products coming into the United States….

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The 6 Methods of Customs Valuation

The 6 Methods of Customs Valuation

Customs valuation is generally determined using transaction value. However, when using transaction value is insufficient, valuation can be determined using 5 other methods. The 6 Methods of Customs Valuation Method 1: Transaction value Method 2: Transaction value of identical goods Method 3: Transaction value of similar goods Method 4: Deductive method Method 5: Computed method…

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The Basics of Customs Valuation

The Basics of Customs Valuation

Customs Valuation determines the economic value of goods declared for importation. Importers must accurately assess and declare the value of goods to Customs before arrival. Those importing into the United States must adhere to specific guidelines set by the U.S. Customs and Border Protection (CBP). Using a standard set of rules for Customs Valuation is…

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What is Informed Compliance?

What is Informed Compliance?

Informed compliance is a shared responsibility between Customs and Border Protection (CBP) and the import community. CBP communicates its requirements to the trade, people, and businesses subject to conducting their regulated activities under U.S. laws and regulations. Implemented by U.S. Customs in the ’90s, informed compliance involves educating importers on the methods for classifying and…

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Trade Risk Guaranty attends the ICPA 2019 conference.

TRG’s Takeaways From ICPA 2019

Meredith Lambert reflects on her first experience during the ICPA 2019 Conference and highlights a few of the overall take-a-ways from the event. In light of the many changes the international trade world has faced over the past year and a half, it is no surprise that the industry is even hungrier for dependable information…

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