International Business INB365 Chapter Notes - Chapter 7: Commercial Invoice, Canada Border Services Agency
4 Jan 2018
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Week 2(c1) recap: discussed the customs release process & requirements, reviewed package accounting documents: ccd, cci & b3, completed fields on the b3 related to duties & taxes. Cd: vfd x rate of customs duty (field 33) Gst: vft x rate of gst (field 35) Tdtp: total customs duties + total gst (field 47 + field 50) Conveyance arrives in canada with freight on board. One of three things will happen: conveyance arrives at the border and machine release by. This means that goods can be moved to a secure facility beyond the border or an airport without having cleared customs, but remain under customs control. Bonded warehouse: bonded warehouses are used for the long-term storage of imported goods, facility where duties and taxes (including gst) can be deferred for up to 4 years. Queens warehouse: customs brokers have 40 days to present accounting documents to cbsa.
