Why Your Duty Bill Is 25% When the Rate Says 3% Part 3 of “As the Importer of Record” — a series for U.S. subsidiaries of foreign parents New to the series? Part 1 covers why your company is the Importer of Record, and Part 2 covers why your parent’s tariff codes aren’t your U.S….
Your parent’s classification codes are correct at home and unfinished here. They match your U.S. codes for six digits — then the schedules diverge, and that’s where your duty rate and your trade-remedy exposure are decided.
Part 1 of “As the Importer of Record” — a series for U.S. subsidiaries of foreign parents If your company is the U.S. subsidiary of a foreign parent, there’s a good chance your company is the Importer of Record on its own entries. Not the parent overseas. Not the factory. Not the freight forwarder, and…