Author

Topic: Swedish ASIC miner company kncminer.com - page 2035. (Read 3049499 times)

legendary
Activity: 2912
Merit: 1060
I've never paid anything in the usa and I get shit from all over the world daily
hero member
Activity: 532
Merit: 500
As far as I know, importing to USA doesn't have any VAT or Import Fees (Duty Free Electronics)

Just some Customs fees that are pretty minimal.

Correct me if I'm wrong please I don't like surprises!

FFS read the thread, this comes up daily!
sr. member
Activity: 407
Merit: 250
Why the fuck am I supposed to pay "German VAT"?



Should I not pay that at CUSTOMS when IMPORTING that sucker?
Or... isn't the EU a VAT-free zone anymore?

EU *is* the freakin' VAT zone lol
Unless you are purchasing as a company from other EU country, or reside outside the EU, or in one of the VAT exempt areas you have to pay VAT.

If you import from outside EU, then you pay VAT at customs.

Movement of goods within the EU is free, so no additional imports tax, just VAT.

yeah, but usually you pay the countrie's VAT that you are ordering FROM, not INTO.

but only if the seller's company is under thresholds blablabla...

very last time
 http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/traders/vat_community/vat_in_ec_annexi.pdf  Huh Huh

NOTE: KNC has NET-PRICES  at their shop.
hero member
Activity: 532
Merit: 500
@bitcoinrama: already ordered or still waiting?.)

Daggeteo will post answers to questions hopefully later today.

He's piecing together a sizeable list, also I'm planning on heading to Stockholm next week.

For all intents and purposes those that went yesterday are confident these guys are capable and intend to see this through.

I just want some confirmation on buyer protection...
hero member
Activity: 616
Merit: 502
legendary
Activity: 1036
Merit: 1001
/dev/null
@bitcoinrama: already ordered or still waiting?.)
legendary
Activity: 2058
Merit: 1005
this space intentionally left blank
Why the fuck am I supposed to pay "German VAT"?



Should I not pay that at CUSTOMS when IMPORTING that sucker?
Or... isn't the EU a VAT-free zone anymore?

EU *is* the freakin' VAT zone lol
Unless you are purchasing as a company from other EU country, or reside outside the EU, or in one of the VAT exempt areas you have to pay VAT.

If you import from outside EU, then you pay VAT at customs.

Movement of goods within the EU is free, so no additional imports tax, just VAT.

yeah, but usually you pay the countrie's VAT that you are ordering FROM, not INTO.
sr. member
Activity: 402
Merit: 250
Why the fuck am I supposed to pay "German VAT"?



Should I not pay that at CUSTOMS when IMPORTING that sucker?
Or... isn't the EU a VAT-free zone anymore?

EU *is* the freakin' VAT zone lol
Unless you are purchasing as a company from other EU country, or reside outside the EU, or in one of the VAT exempt areas you have to pay VAT.

If you import from outside EU, then you pay VAT at customs.

Movement of goods within the EU is free, so no additional imports tax, just VAT.
hero member
Activity: 952
Merit: 1009
NO MORE PRE ORDERS

Uhh, not sure what you mean by that. KnC provided 7 days for anyone with a pre-order to place their order and maintain pre-order queue.

I think he means this: https://www.kncminer.com/news/news-16

yes it's only for the lottery

I know. I was trying to find a possible cause of his confusion.
sr. member
Activity: 407
Merit: 250
NO MORE PRE ORDERS

Uhh, not sure what you mean by that. KnC provided 7 days for anyone with a pre-order to place their order and maintain pre-order queue.

I think he means this: https://www.kncminer.com/news/news-16

yes it's only for the lottery
sr. member
Activity: 407
Merit: 250
Why the fuck am I supposed to pay "German VAT"?



Should I not pay that at CUSTOMS when IMPORTING that sucker?
Or... isn't the EU a VAT-free zone anymore?

Please read the thread. We have discussed it soooooo much times!!
legendary
Activity: 2338
Merit: 2106
Why the fuck am I supposed to pay "German VAT"?



Should I not pay that at CUSTOMS when IMPORTING that sucker?
Or... isn't the EU a VAT-free zone anymore?

if you can supply them with your vat-number then there is no german vat added for you. only private consumers pay the vat.
hero member
Activity: 532
Merit: 500
Why the fuck am I supposed to pay "German VAT"?



Should I not pay that at CUSTOMS when IMPORTING that sucker?
Or... isn't the EU a VAT-free zone anymore?

The entire point of EU trade agreements is that you're taxed at point of sale if you reside in an EU member state, which Germany is widely known as being...!
legendary
Activity: 2058
Merit: 1005
this space intentionally left blank
Why the fuck am I supposed to pay "German VAT"?



Should I not pay that at CUSTOMS when IMPORTING that sucker?
Or... isn't the EU a VAT-free zone anymore?
hero member
Activity: 952
Merit: 1009
NO MORE PRE ORDERS

Uhh, not sure what you mean by that. KnC provided 7 days for anyone with a pre-order to place their order and maintain pre-order queue.

I think he means this: https://www.kncminer.com/news/news-16
hero member
Activity: 532
Merit: 500
NO MORE PRE ORDERS

Uhh, not sure what you mean by that. KnC provided 7 days for anyone with a pre-order to place their order and maintain pre-order queue.

No, he just has no idea of costs involved in designing tech, and hasn't researched either...
legendary
Activity: 1442
Merit: 1001
NO MORE PRE ORDERS

Uhh, not sure what you mean by that. KnC provided 7 days for anyone with a pre-order to place their order and maintain pre-order queue.
sr. member
Activity: 440
Merit: 250
NO MORE PRE ORDERS
KS
sr. member
Activity: 448
Merit: 250
Hi , their TandC concerns me .. they are a few escape clause they could use for not refunding you, how would paypal react in such a case since you agreed to their T&C? Here is what I copy from another thread.

" 8.2  Where delivery is delayed due to any of the circumstances constituting force majeure in accordance with 11 below or due to any act or omission by the Purchaser, the delivery period shall be extended by such a period as is reasonable in light of the circumstances.  The delivery period shall also be extended where the cause of the delay arises after the expiry of the originally agreed delivery period.

 11. Force Majeure

11.1 KnCMiner is exempted from fulfilling its obligations under this Agreement and is entitled to cancel the Purchaser’s confirmed orders without any liability, in the event of force majeure such as strikes, floods and fires, wars, riots, interruptions in transport, shortage of material or energy sources affecting KnCMiner or its sub-suppliers, accidents or other occurrences which affects sub-suppliers’ production, bankruptcy or compulsory liquidation of a sub-supplier, accidents of any kind, governmental decisions which affects manufacturing or use of the Products and, in general, such events that were unforeseen at the time of the order which prevents or hinder manufacturing, transportation or delivery of the Products to the Purchaser.



9.2  Termination and rescission under this section shall not under any circumstances give rise to any obligation for KnCMiner to pay compensation to the Purchaser, and does not restrict KnCMiner’s possibility to claim damages or other economic compensation due to the event which justified KnCMiner to terminate the order or the Agreement. "





I'm not a lawyer but pay attention to the wording "and is entitled to cancel the Purchaser’s confirmed orders without any liability" I believe there trying to limit the liability if they don't deliver, however I do not believe this allows them to simply keep the money. It does however seem very clear that they can cancel that order for whatever reason, but would imply that one could receive a refund... Again, I'm not a lawyer on this, but I think that is what this is trying to state... Anyone know any lawyers you can run this across??

I'm not a lawyer, but my wife is.

This is a pretty standard disclaimer. It doesn't stop you from seeking remedy, and it doesn't absolve them of financial liability altogether either. It's a wartime clause, essentially. If the factory gets bombed you can't hold KNC responsible for being unable to deliver. That sort of thing. I've seen very similar clauses in a number of contracts involving international commerce, and you'll see more of it as the world goes more mad.

If a corporate officer has stated that refunds will be issued, and under what terms, that should supercede this clause in that specific scenario, while still covering their ass in the event of disruptions beyond their forseeable control. I don't find it troubling. Granted, I don't (yet) have any skin in the game.

"Force Majeure" is a standard clause but their version of it extends to pretty much anything and everything. Not really force *Majeure* then.
hero member
Activity: 532
Merit: 500
Hi , their TandC concerns me .. they are a few escape clause they could use for not refunding you, how would paypal react in such a case since you agreed to their T&C? Here is what I copy from another thread.

" 8.2  Where delivery is delayed due to any of the circumstances constituting force majeure in accordance with 11 below or due to any act or omission by the Purchaser, the delivery period shall be extended by such a period as is reasonable in light of the circumstances.  The delivery period shall also be extended where the cause of the delay arises after the expiry of the originally agreed delivery period.

 11. Force Majeure

11.1 KnCMiner is exempted from fulfilling its obligations under this Agreement and is entitled to cancel the Purchaser’s confirmed orders without any liability, in the event of force majeure such as strikes, floods and fires, wars, riots, interruptions in transport, shortage of material or energy sources affecting KnCMiner or its sub-suppliers, accidents or other occurrences which affects sub-suppliers’ production, bankruptcy or compulsory liquidation of a sub-supplier, accidents of any kind, governmental decisions which affects manufacturing or use of the Products and, in general, such events that were unforeseen at the time of the order which prevents or hinder manufacturing, transportation or delivery of the Products to the Purchaser.



9.2  Termination and rescission under this section shall not under any circumstances give rise to any obligation for KnCMiner to pay compensation to the Purchaser, and does not restrict KnCMiner’s possibility to claim damages or other economic compensation due to the event which justified KnCMiner to terminate the order or the Agreement. "





I'm not a lawyer but pay attention to the wording "and is entitled to cancel the Purchaser’s confirmed orders without any liability" I believe there trying to limit the liability if they don't deliver, however I do not believe this allows them to simply keep the money. It does however seem very clear that they can cancel that order for whatever reason, but would imply that one could receive a refund... Again, I'm not a lawyer on this, but I think that is what this is trying to state... Anyone know any lawyers you can run this across??

I'm not a lawyer, but my wife is.

This is a pretty standard disclaimer. It doesn't stop you from seeking remedy, and it doesn't absolve them of financial liability altogether either. It's a wartime clause, essentially. If the factory gets bombed you can't hold KNC responsible for being unable to deliver. That sort of thing. I've seen very similar clauses in a number of contracts involving international commerce, and you'll see more of it as the world goes more mad.

If a corporate officer has stated that refunds will be issued, and under what terms, that should supercede this clause in that specific scenario, while still covering their ass in the event of disruptions beyond their forseeable control. I don't find it troubling. Granted, I don't (yet) have any skin in the game.

FWIW, purely as an observation, and not legally through the eyes of the consumer;

It looks like they have considered every sceneraio and respective point of failure, as in risk for themselves, based upon every clusterf**k Butterfly Labs have created and are ensuing their ass in future no way resembles that of BFL's currently...in addition they don't want to be liable for itchy feet if something unexpected starts to happen with respect to hashrate and unknown entities (or known entities getting their sh*t together during KnC's period of manufacture).

That said, a wealthy guy I know imparted this mantra upon me; "he/she who writes the first draft almost always gets what they want, as the intent of the document has been specified by themselves"...so anyone wanting different T&Cs dropped the ball there...
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