Do products imported from a parent/sister company have any affect on the valuation of the goods?
It may, should the relationship for any reason cause the goods to be valued lower than they would be sold to an unrelated company. Should this occur measures would have to be taken to determine the value of the goods in accordance to the Customs Act. If product is imported from a vendor that provided a NAFTA certificate, and it is later discovered that the goods do not qualify, is a correction required? Yes, an amendment to the customs entry should be filed, however you must obtain a letter from the supplier that describes their incorrect use of NAFTA. You will also have to pay the correct rate of duty on the imported product. From date of discovery you should file amending entry within 90 days to avoid any AMPS penalties. Isn’t it my broker’s responsibility to assign the correct tariff classification and retrieve NAFTA Certificates? No. Although a broker can be commissioned to retrieve and verify the validity of NAFTA certificates, the responsibility ultimately lies with the importer.
