Topic: US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware - page 2. (Read 26790 times)

I don't recall the date but it's been a while now. "Late summer" just off hand.

but what is with the post that states 37.6% is that just 'anticipating' the 10% tariff by the time your supposed China unit hit USA shores? (unsure how that works)

I understand the chart and all..just when/if/how it applies? now? dec 15th? whichever?

I WOULD HATE TO  PAY 37.6%  TAX ON 4 m20s units..   it would be more then 3000

I'm confused? Is this what they are charging in China now, because of the anticipated 10% tariff hike on December 15th? Or is this something else an 'upping' of the 2.7% import fee to 10% on ASIC miners (ie electronic components)?

Thanks...just lurking..not buying...but seems quite the clusterf*ck for those who are 'brave' enough to get ASIC equipment.

later

Brad

wow missed the jump from 27.6 to 37.6. freaking nuts 🥜!!

at cannongentry please tell us what happens.

37.6% duties + tariff.

https://hts.usitc.gov/?query=8543709960%20

27.6%  if I am not mistaken.

I have paid trump tax  on bitmain's gear.  1228  for 2x s17's

I have paid trump tax on innosilicon's gear   350 a few times.

I avoided trump tax on the m10 units from pangolin  each one of the eight I ordered was under 800  I ordered them 1 at a time.

grand total of 8 x 790 = 6320  but all a week apart. so no issues.

My guess is  you will get caught and owe %27.6 x 8000  = 2208

if they wrote them up at 2000 a unit.

You should have asked them to list the price at 500 each

so 4x500 = 2000

I am curious  as to how much you will be stuck .

I think I paid more the 2200 this year on gear ordered.

Pango doesn't have to pay the tariffs so yes, they don't have to worry about it. You're likely liable for 37.6% duties+tariff on unit cost.

I pre ordered 4x Whatsminer m20s from Pangolinminer... they are coming from China. Delivered via DHL between dec 15-30

Has anyone from USA ordered from them recently? Also what kind of taxes will I be seeing once they are shipped and how will I be notified to pay them?

I emailed Pangolinminer and they said that they haven’t had issues with the trump tax but could not guarantee that I’ll avoid it... 

Likely, now that we are under 'electronics' so to speak here, this will be the LAST tariff lifted, in that it is the elephant in the room as far as imported China goods, IMHO.

From what I gather, this first phase is mostly agriculture and misc.

Tariff news

https://www.google.com/amp/s/www.foxbusiness.com/politics/china-us-agree-to-lift-existing-tariffs-in-phases.amp

They were informal entries and liquidated at time of release when I paid the 2.6% tariff determined by customs agent. This was not me, Bitmain, shipper, broker, or anyone else determining the import duty or classification. It was determined entirely by customs and liquidated by them. Informal entries are classified by customs and liquidated at time of release. Formal entries are classified by importer of record and can be reviewed for over a year prior to CBP liquidating. Liquidation is final. I believe this is where people are confused with CBP or shipper demanding additional fees. Additional fees can only be assessed on entries that have not been liquidated.

When you paid the higher fees for an S17 and S17 Pro, was it an informal or formal entry? If they were both part of the same order then it would be above informal entry limit. I am only speculating that CBP is not applying the 301 rulings on informal entries since all of my informal entries have only been the 2.6%. Everyone I've seen saying they had fees reassessed were for formal entries not liquidated yet.

If they want to come after me and have me pay for already liquidated entries due to their own rulings, I'd have no problem with it, but I don't foresee it happening. I even tried to get paperwork on what they classified the entries as and all I could get was the waybills from DHL with no classification.

This post could cost you money.   As you are claiming you know the gear was due to pay the tariffs.

All of mine with the 2.6% were shipped from China with "Made in China" stamps and SZX (Shenzhen) origin codes on boxes and labels. Still have the boxes. August 2018, April 2019, and May 2019. All single miners and informal entries above de minimis.

No doubt. According to the waybill it was shipped for Bitmain c/o Flextronix. Probably costs a few bucks more for Bitmain to have Flextronics make them in Malaysia, but that amount means nothing for a $2K miner.

Bitmain would do well to continue building units in a malaysia factory.

The chips are made in Taiwan  which is in a gray world of  not being mainland China  in the eyes of the USA.

Since the chips are well over 60% of the cost of a miner. Assembly in china  vs Malaysia is a huge price difference for us in the USA.

We have ordered 6 s17pros and 1 s17 they have been shipped from Oct 25 th Oct 31

5 from malaysia total tax under 400

2 from China total tax over 1200

If all were from China taxes would have been more then 4000   so paying 1600 vs 4000 is nice for our farm.

However

 I have  2x t17e  at 3330
 I have  1x t17    at   952
 I have  1x t17+  at 1650

total 5932 - 375 coupon = 5557 subject to taxes of some kind

 1637 full tax no coupon discount and made in China
   154 2.6% tax no coupon discount and made in Malaysia

I know they do not discount tax based on coupons as I have always had taxes based on pre coupon prices.

But  154 vs 1637  is  a new machine for me.

I could easily order the t17+  right now if I was sure all the gear was assembled + shipped from Malaysia.

In fact  if I was not burned  already  around 1050  on the two units shipped from China .

I would have ordered a 1252 unit already got a 150 coupon and then ordered the 1650 unit. for 1650-150 = 1500

so the lack of clarity on bitmain's part costs them sales ,in my case 2 pieces at  a cost of 2752, to  USA buyers.

It is really hard to buy gear not know if you pay 27.6% tax or 2.6% tax.

As I bolded,the miner was not just shipped from Malaysia, it was assembled there as well- not China, ergo no Tariff.
For the umpteenth time here, only goods Made in China get hit with the Tariff.

No I got stuck  618 + 624 for 2 units a  s17  a s17pro

buysolar paid 67

my clifton hoster paid 147 for 2 s17pro.

All orders were delivered between oct 21 and nov 1

why  did I pay full mine shipped out of China not Malaysia

So I know have  2 t17e due to ship any day nov1-nov10

if they ship out of china I will owe 3330 x 27.6%   =    919.00
if they ship out of Malaysia I will owe 3330 x 2.6% =      86.50

This still seems to be the case. I just received my order for a single S17 Pro via DHL processed through NY and was charged only 2.6% (approx. $67). Shipped from Malaysia. No 25% tariff. I paid DHL the 2.6% while the shipment was in transit.

I have another pre-order for a single S17e through UPS. Let's see how that works out.

philipma, I had to think of you when I watched this: https://www.youtube.com/watch?v=rw7PUrgU3N0

Its sad, very sad