Re: [spiers] Question regarding the $2500 transaction level
In a message dated 6/25/04 10:09:08 AM, sourcesf@yahoo.com writes:
Hi John,
You've spoke about the $2500 level a few times and I just wanted to get
the complete low down on this. ... I don't remember this being mentioned
in depth in the book...I hope I'm right. If not, just let me know.
Thanks!
Victor
Exactly, cuz I try to avoid this like the plague... too often once people
catch on that you can do this, this becomes the business: avoiding some formal
paperwork as a basis for competing. It won't work.
People work with you for your new ideas. Any attempt to "work the rules" to
your advantage is a complete waste of time at the small business, or worse, a
poison pill pretty much guaranteeiing you will fail. If you like the
"informal entry" rules, I can show y'all a few thousand more neat tricks none of
which
makes serving your customers in any way enhanced.
(Now you may be thinking "but I can get it cheaper better faster for my
customer if....) Sigh. Get some customers first, see what they want, then
worry
about the details.
The rules change fairly often, so the complete lowdown can be had from the
customs website, but aside from maybe a sample shipment or such, I wouldn't
consider it worth much. There is much more important stuff to do than read up
on
informal entries.
John
Friday, June 25, 2004
Entry bond
Thursday, June 24, 2004
Entry bond
Question regarding the $2500 transaction level
Hi John,
You've spoke about the $2500 level a few times and I just wanted to get
the complete low down on this. Basically, I have a few questions
around it (and maybe you'd have a point or two extra to add):
- Is the benefit of your purchase only that you don't have to deal with
customs?
a. If so, does that mean I don't need to deal with a broker and just
tell the factory to send the items directly to my home/whatever IF the
shipment is small in size. (theoretically speaking)
b. Does the $2500 mean Grand total= $2500 before tax/after tax/grand
total including shipping, etc.?
c. Can I theoretically coordinate shipments to be $2500 each and bypass
customs if I know my product has a high duty rate? (assuming the
manufacturer would be game for doing something like that)
I'll stop here because I can probably go on forever with scenario
questions as a 5 year old would do. ;-) I'm thinking of utilizing this
option, but I just don't want to do something wrong. So, I appreciate
whatever feedback you'll give. I don't remember this being mentioned
in depth in the book...I hope I'm right. If not, just let me know.
Thanks!
Victor
--- wileyccc@aol.com wrote:
>
> In a message dated 6/23/04 2:59:32 PM, fhgu@netzero.net writes:
>
> <
> the custom clearing work?
> Thanks
> Fred>>
>
> This is why it is important to work with the broker right from the
> beginning... you can learn much and yet get just a bond...the
> relationship is key...
> well... is the transaction less than $2500 (do you really need a
> bond?) ...
> check insurance companies to see if they will write a bond
> (unlikely.. or just
> bite the bullet, and make friends with a broker...
>
> John
Wednesday, June 23, 2004
Entry bond
Re: [spiers] Enty bond
In a message dated 6/23/04 5:32:00 PM, fhgu@netzero.net writes:
I even had purshased
single entry bond from this brokerage before. However this "friend" had
moved on to a different job in LA and the new staffs don't seems to have the
same connection with me.
**it can be cleared in Seatle thru LA...stick with that friend...***
Yes, I do need to buy bond since these are food items that I am bringing in,
regardless of total vaule (I was told by custom).
***Confirm that with your friend... like IRS ask 3 cstoms people get 3
answers...***
John
Entry bond
Re: [spiers] Enty bond
I thought I was "friend" with my broker for 2 years. I even had purshased
single entry bond from this brokerage before. However this "friend" had
moved on to a different job in LA and the new staffs don't seems to have the
same connection with me.
Yes, I do need to buy bond since these are food items that I am bringing in,
regardless of total vaule (I was told by custom).
Fred
----- Original Message -----
From:
To:
Sent: Wednesday, June 23, 2004 3:59 PM
Subject: Re: [spiers] Enty bond
>
> In a message dated 6/23/04 2:59:32 PM, fhgu@netzero.net writes:
>
> <
> the custom clearing work?
> Thanks
> Fred>>
>
> This is why it is important to work with the broker right from the
> beginning... you can learn much and yet get just a bond...the relationship
is key...
> well... is the transaction less than $2500 (do you really need a bond?)
...
> check insurance companies to see if they will write a bond (unlikely.. or
just
> bite the bullet, and make friends with a broker...
>
> John
Entry bond
Re: [spiers] Enty bond
In a message dated 6/23/04 2:59:32 PM, fhgu@netzero.net writes:
<
Thanks
Fred>>
This is why it is important to work with the broker right from the
beginning... you can learn much and yet get just a bond...the relationship is
key...
well... is the transaction less than $2500 (do you really need a bond?) ...
check insurance companies to see if they will write a bond (unlikely.. or just
bite the bullet, and make friends with a broker...
John
Entry bond
Hi,
I am trying to buy entry bond in the value of about $4000. I am clearing custom
myself in Seattle since the shipment value is too low to feasiblely using a
custom broker.
I have all forms filled out and even with FDA approval (food items). All I need
is some bond/surety company to sell me the single entry bond.
So far just about any company is tell me to hire a custom broker to clear the
shipment for ..........but I am so close to getting it cleared myself.
Using a broker will cost me $300 or more, buying bond is about $30.
Any recommendation (Seattle area) as who will sell entry bond without doing the
custom clearing work?
Thanks
Fred
potatoes!
Folks,
Here is an article that shows once again, one competes on design, this time
with potatoes.
These will start out as a small market, expensive, and grow in time. No way
you'd do this unless you have a passion for the field... check this out...
http://www.usatoday.com/news/health/2004-06-22-diet-potato_x.htm
John