These guys are experts in getting hundreds of thousands of chips sent abroad smoothly without incurring additional fees or tax burdens [for buyers]. So when Yifu claimed "stuck in customs" that wasn't going to fly at all.
AsicMiner labels their block erupters shipments as "test - pcboards" so it comes with little value.
AsicMiner labels their block erupters shipments as "test - pcboards" so it comes with little value.
Sorry, but the import/tax burdens are on the customer, so in this case the fact they heavily undervalue the goods on the invoice is a very good thing for the buyer, otherwise you would have to pay a shitload of money to customs (for Example, in Europe it would be at least 21% + fess)
Agree that it works out well favorably for the buyer, especially in Europe. Should've clarified that in the beginning.
Actually this is a major misconception, giving an item with a fake value declaration will only cause problems for the receiver, as most customs offices do check. This causes delays, fines and extra costs that could have been avoided.
With larger buyers being sometimes companies, it's causing various accounting problems too where the tax office finds out the declared value on the IM4 import docs is not in the same range as the booked expense invoice. Instant audit and fine as a result...
Stop trying to do your customers a favour by declaring a low value, you are screwing over the majority of them in the long run.
Guess what, as a company I don't care what the VAT is as I never pay any VAT. If you do any kind of import/export, you should get a Import VAT deferral license (E.T. 14.000 permit).
Indeed, futhermore, and more importantly to you, if you are subject to your valuable package of chips being 'misplaced' (lost) by the courier company chosen, who will you be compensate, or refunded for such genuinely valuable items without sufficient third party liability when the package is inadquately insured?
