If any of the questions above apply to you, we are in a position to help. K International will provide you with a valid tax ID number and set you up as an Importer of Record. You will be able to sell directly on the basis of free house delivered - duty paid (DDP), resulting in no corporate income tax consequences in the United States. Please refer to our links page if you wish to learn more about the INCOTERMS applicable to the trade. K International will obtain the necessary Continuous Customs Bond and will arrange customs clearance in your name. Even if you sell on a DDP basis, that DDP value is not the basis for the duty calculation that is presented to U.S. Customs. Since import duty in the United States is assessed relative to overseas Ex Works or FOB value, we will help you with the necessary calculations (unlike many other countries, the United States does not levy a value-added tax (VAT), so there are no applicable duties or VAT to include within the formula). Regardless of your selling terms, we can use your commercial invoice to ensure compliance with all U.S. Customs import regulations. Upon request, K International will collect payment for your merchandise at the time of delivery. We will calculate complete freight charges and will deliver your consignment as per your instructions. Please feel free to call or email us with a specific inquiry. |
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