International Business INB365 Chapter 7: INB365 - Week 3(C1) Bonded Warehouse 2
4 Jan 2018
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You are the owner of feel the draft inc . At the suggestion of a business associate you have decided to investigate the importation of drafting tables for use when you open a design class at your local retail store starting september 6, 2011. Draft dodger ltd, a us based manufacturer of drafting supplies, will supply the drafting tables at a reasonable price. However, orders must be placed with draft dodger ltd at least nine (9) months in advance. Order will be shipped by draft dodger as they are completed. Duties & taxes payable on the shipment of 300 drafting tables: ,987. 67 (assuming an exchange rate . 028 as per your homework!) Your design class will not be starting until september 6, 2011. Type 10 b3 places goods into a bonded warehouse facilities in order to delay the payment of duties and taxes.
