Hi everyone,
I have this simple but interesting question that I can't find an answers to. I think many of us here who are just starting out importing products and selling to US will be interested in this question as well.
Given a fictional scenario:
Product is custom made in china for each customer. Valued at $50 as per invoice.
Product is imported to Canada and added additional items packaging.
Product is sold to US customer for $300.
Questions:
1) When importing the product from China to Canada through DHL or any other courier service I know that you have to pay import duties and taxes. What value should I state here? The $50 price that the supplier has invoiced me for? Also, are there any tips on doing this?
Each product has to go through Canada from China.
2) When selling to US customer and exporting from Canada to US through DHL or any other courier service will the customer have to pay duties and taxes again? Also what value should I state here? I am assuming the $300 that I am selling for.
3) In the case that I sell to customers outside of USA, Mexico, and Canada I am assuming the customer has pay import duties and taxes again? I am assuming the price that they will pay the import fees is from $300 sales price.
I am also interested in selling to people in other countries as well.
If anyone knows the answers please let me know. I want to get a clear picture of how this works.
If you have any tips on how to handle this also let me know.
Thanks!
I think @Walter Hay can have some, maybe @biophase and anyone who is importing to Canada as well.
I have this simple but interesting question that I can't find an answers to. I think many of us here who are just starting out importing products and selling to US will be interested in this question as well.
Given a fictional scenario:
Product is custom made in china for each customer. Valued at $50 as per invoice.
Product is imported to Canada and added additional items packaging.
Product is sold to US customer for $300.
Questions:
1) When importing the product from China to Canada through DHL or any other courier service I know that you have to pay import duties and taxes. What value should I state here? The $50 price that the supplier has invoiced me for? Also, are there any tips on doing this?
Each product has to go through Canada from China.
2) When selling to US customer and exporting from Canada to US through DHL or any other courier service will the customer have to pay duties and taxes again? Also what value should I state here? I am assuming the $300 that I am selling for.
3) In the case that I sell to customers outside of USA, Mexico, and Canada I am assuming the customer has pay import duties and taxes again? I am assuming the price that they will pay the import fees is from $300 sales price.
I am also interested in selling to people in other countries as well.
If anyone knows the answers please let me know. I want to get a clear picture of how this works.
If you have any tips on how to handle this also let me know.
Thanks!
I think @Walter Hay can have some, maybe @biophase and anyone who is importing to Canada as well.
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