Simple Importation - Preparation of a customs entry (B3 Form)

Case Study

Cook-e-tronics Inc is an importer of domestic electronics.Their importer number is 123456789RM0001 and they are located at 1324 Steels Avenue West, Toronto, ON, M5V 4S2.

This importer is submitting the final accounting (Field 3 - Type C) of goods to the CBSA. They are importing 100 Cooking stoves and 50 Built-in Ovens from Cocina Factory Inc. This supplier is located at Calle 45, Medellin, Colombia. Goods were manufactured in Colombia and are being shipped via sea freight. The importer and the vendor are NOT related firms and the price payable is without adjustments. The direct date of shipment for this transaction is May 05, 2020.

Assumptions:

The exporter has not provided the importer with a certificate of origin for the goods.

The cost of the Cooking Stoves is CAD $ 392 (Exporter's Invoice shows unit price of USD $ 280)

The cost of the Built-in Ovens is CAD $ 624.4 (Exporter's Invoice shows unit price of USD $ 446)

The supplier's invoice total for Cooking Stoves and Built-in Ovens without adjustments is $ 50,300 USD.

Transaction Number for this shipment is 45127 822469

The Cargo Control Number is 901-6431158

Specific Instructions:

1.Ensure that you have the Acrobat reader installed on your computer (See Minimum System Requirements in Course Information at the left).

2.Download the attached B3 form.You should find this under one of the Modules... if you have done the activity related to this assignment.

3.Using your knowledge of the customs tariff and what you have learned about the Canada Customs Coding form, please complete the B3 form and calculate duties and taxes payable for the entire transaction.

4.Follow the General Instructions below to submit your file.

Important information on Page # 2 ->

Field Number on B3

Box

Field 14

Tariff Treatment

Field 27

HS Code(do not type the "dots")

Field 33

Rate of Customs' duty

Field 35

Rate of GST

Field 37

Value for Duty

Field 38

Customs Duties

Field 41

Value for Tax

Field 42

GST

Field 47

Customs Duties

Field 50

GST

Field 51

Total Payable for entry