Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CHAPTER TWO:MAGNA INTERNATIONAL Prepare the following documents required for Magna International (Automotive Company) to import Steel Coil from China into Canada. Attached is the purchase

CHAPTER TWO:MAGNA INTERNATIONAL

Prepare the following documents required for Magna International (Automotive Company) to import Steel Coil from China into Canada.

Attached is the purchase order number for the steel being purchased from company called: Steel One in Lansing, Michigan.The producers of the steel:Ding Don in China.

The freight forwarder will be TST Overland .The truck waybill:7301-1057021032.Truck Lic. # CRN 156 ON.

The Canadian Customs Broker:FedEx .Transaction Number:72132-625101529

Port of entry into Canada:Windsor Bridge :port "453"

INCO terms are EXW.This is a "Sale" transaction.

Freight:Prepaid

Prepare:CI, CCI and Manifest.The information is below for this case study.

Date of Sale:2021/01/06

Date of Shipment:2021/01/06

Commercial Invoice Number: 2002

Purchase Order Number:10001

Shipper:

Steel One

17789 Nine Mile Road

Lansing, MI48080

Tax I.D. # 38-1596238

Importer:

Magna International

404 Patillo Road

Tecumseh, ONN8N 1L9

Business Number:101596326RM0001

Ship To:

Canada Steel

400 James Drive

Windsor, ONN9E 4R5

Business Number:106967842RM0001

I coil of steel :ZincGrip GA Galv Sht Grade 50 .050 Min X 42.7000 X Coil

Weight:35,225 pounds (# )

Cost of Steel:.43 per pound (#)

H.S. : 7210.49.00.30Duty Free / G.S.T (5%) appliesUOM:KGM

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

Intermediate Accounting Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

12th Canadian edition

119-49633-5, 1119496497, 1119496330, 978-1119496496

More Books

Students also viewed these Accounting questions