In todays high tariff environment, maximizing every allowable deduction to price/paid for goods and on which duties are calculated is critical. With the section 301 tariffs, the additional duties levied, on china origin products, and the general increase on every country. Many companies are paying significantly more, reducing their bottom line profit. The instability of the tariff situation is also causing uncertainty and loss of control. Our suggestions may help stabilize your current situation for projection.
In todays high tariff environment, maximizing every allowable deduction to price/paid for goods and on which duties are calculated is critical. With the section 301 tariffs, the additional duties levied, on china origin products, and the general increase on every country. Many companies are paying significantly more, reducing their bottom line profit. The instability of the tariff situation is also causing uncertainty and loss of control. Our suggestions may help stabilize your current situation for projection.
In todays high tariff environment, maximizing every allowable deduction to price/paid for goods and on which duties are calculated is critical. With the section 301 tariffs, the additional duties levied, on china origin products, and the general increase on every country. Many companies are paying significantly more, reducing their bottom line profit. The instability of the tariff situation is also causing uncertainty and loss of control. Our suggestions may help stabilize your current situation for projection.
Potential cost savings through the building / identification of non-dutiable charges from either the terms of sale for export structure to reflect all allowable non dutiable items. In this high tariff environment, these programs can help companies reasonable achieve significant cost savings on duties due at time of importation into the U.S.
Of course, like with any duty-savings program, strong controls must be implemented to preserve compliance. As it is likely that steep tariffs will be in place for some time, companies should evaluate which of these programs they are eligible for and should potentially improve the return on investment and then develop an implementation program.
8 POTENTIAL FACTORS FOR DUTY REDUCTIONS:
- Freight and international insurance
- Supply chain ( origin ) Costs
- Buying Agency Costs ( can be approximately 30%) deducted from dutiable value
- Latent Defect Allowances
- Post importation Price Adjustments
- Origin taxes and other fees – exp. VAT or GST
The reputation of MDG Solutions Inc is built on our extensive knowledge and working within the acceptable framework of U.S. Customs, all contained with 19CFR ( Customs Code of Federal Regulations). Our staff of experts in the Customs field are our assets. Our team brings together personnel from different facets of the importing process. These personnel will be available to you from set up of the program to the actual implementation and than as back up after the implementation. To maintain our reputation and the success of our clients we encourage our partners to remain compliant and follow the guidelines we will suggest .
Initial consultation is complimentary. The types of information examined to establish potential cost savings:
- Basis of importation
- Line review of product line to ascertain the most accurate tariff for your company’s product line
- Cover the “actual use" provision employed by customs for duties
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Create a strong brand identity with MDG Solutions. Our brand development services focus on crafting a unique value proposition and messaging that resonates with your customers We help you establish a reputation as a stable reliable supplier who your customer can feel safe with your supply chain.
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