Licensed Customs Broker

Classification and Valuation

Temporary Imports and Carnets

Licensed Customs Broker

At RTW Logistics, both cargo security and regulatory compliance are serious matters. In addition to our international freight forwarding and transportation capabilities RTW Logistics is a licensed Customs broker. We are approved by U.S. CBP (U.S. Customs and Border Protection) for RLF (Remote Location Filing) enabling us to file US Customs entries and clear goods on our client’s behalf is all U.S. ports. WE have a specialized team in all major and Inland and port locations who can help you with customs brokerage.

Classification and Valuation

The customs value of imported goods is determined mainly for the purposes of applying ad valorem rates of customs duties. It constitutes the taxable basis for customs duties. It is also an essential element for compiling trade statistics, monitoring quantitative restrictions, applying tariff preferences, and collecting national taxes. Today, almost all customs administrations of the current 161 WTO Members value imported goods in terms of the provisions of the WTO Agreement on Customs Valuation (adopted in 1994). This Agreement establishes a customs valuation system that primarily bases the customs value on the transaction value of imported goods, which is the price actually paid or payable for the goods when sold for export to the country of importation, plus, certain adjustments of costs and charges. Currently more than 90% of world trade is valued on the basis of the transaction value method which provides more predictability, uniformity and transparency for the business community. RTW Logistics works with companies of all sizes to assist them in determining the accurate value of goods as well as the proper HTSUS numbers. Specialized experts provide guidance on how to factor in: Packing costs, commissions, assists, royalty fees, license fees, and “assists” such as tool and die costs, etc. Freight and insurance deductions, brokerage, and duty deductions, discounts, warehousing costs, loss or damage deductions, and more. The difference in handling a sale, versus a consignment, or barter. RTW Logistics employs a seven step approach to classification to ensure that shipments move across borders timely and in compliance. The steps may include reviewing legal notes, previously issued Customs rulings, Custom Cooperation Council notes, Customs decisions, examination of Court of International Trade decisions, Customs Co-operation Council nomenclature, and finally, obtaining a binding ruling from US Customs. We help you choose the proper level of reasonable care for you.

Temporary Imports and Carnets

Importers purchase and secure the Temporary Importation under Bond (TIB) from a custom house broker at the time of entry into the foreign country. Often the deposit and payment has to be made in cash in the currency of the country being entered. Occasionally, they will accept credit cards. The purchase of a TIB is required for each country visited on every trip and the cash deposits securing TIB’s often take many months to get returned once the goods have been exported. Fees for TIB’s vary widely country to country and also depend upon the type of merchandise being imported.