Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assuming you are asked to process the paperwork associated with importing 1000 boxes of bracelet-charger, which is a phone charger that you can actually wear.

Assuming you are asked to process the paperwork associated with importing 1000 boxes of bracelet-charger, which is a phone charger that you can actually wear. Below please find the description of the bracelet-charger:

Item Description:

With this fashionable bracelet Charging and Data Synchronizing USB cable, you don't need to carry cable in your pocket or bag any more. You just need to wear this fashionable bracelet and bring your Phone to travel, do sport and study. When you need to charge or synchronize data with your computer, just plug this lovely bracelet into your charging slot, it will work perfectly.

Features:

1. It can be used for iPhone 6, 6 Plus, 5, 5S, 5C.

2.Support power charging and data synchronizing, fully support the USB 2.0 interface.

3.Great data transmission rate up to 480Mbps.

4. Plastic material felt great on your skin.

5. Perfect for travel, easy to wear on your wrist or hang on your bag.

6.Length: about 22cm

7.Color: Lime Green

Below are the specifics regarding this shipment.

  1. This product was made in Vietnam and is being imported into the U.S.
  2. The value on the commercial invoice reflects how much the supplier in Vietnam charges your company. In this case, the charge was $5.00 per item.
  3. The net weight of each item is 200 grams.
  4. There are 50 items in each box. There are a total of 1000 boxes in this shipment.

1) Please locate the correct tariff classification code for this item as a plastic bracelet. A copy of the latest US Harmonized Tariff Schedule (HTS) can be found from the following URL:

https://hts.usitc.gov/current

Please also indicate on which page of the HTS you located this tariff classification code.

2) Please locate the correct tariff classification code for this item as a USB cable.

Please also indicate on which page of the HTS you located this tariff classification code.

3 )Please compare and duty rates under each classification. Which classification gives you the lowest duty amount?

4) Assuming that in order to help the suppliers in Vietnam to produce this product, your firm provided engineering assistance in setting up the manufacturing process. This amount is prorated at $2 per bracelet-charger. What should you watch out for, if importing from Vietnam? Please identify the program name as well as a brief explanation of the program.

5) Discuss cost (labor cost as well as duty) implications if this item was made and exported from Mexico instead of Vietnam?

6)Your firm has decided to move the operations back to the United States. Your plan is to set up an assembly plant in Michigan with imported components from Vietnam. After assembly, 30% of the final products will be sold to U.S. consumers. The other 70% will be exported to retailers in Europe. How can you help your firm reduce procurement costs? Please identify the name of the duty saving program and provide a brief description of the conditions that must be met in order to qualify for this program

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Life Money An Honest Guide To Taking Control Of Your Finances

Authors: Clare Seal

1st Edition

1472272293, 978-1472272294

More Books

Students also viewed these Finance questions

Question

=+a) What distribution would they use to model the selection?

Answered: 1 week ago