1.Explain 4 key regulations that relate to importing goods into Canada that are enforced by Canada Border...
Question:
1.Explain 4 key regulations that relate to importing goods into Canada that are enforced by Canada Border Services Agency (CBSA)
2.Discuss with an importer what is Release on Minimum Documentation (RMD) as required by Canada Border Services Agency (CBSA) for clearing goods entering Canada
33.J&J IMPEX CO. is registered to do business in Canada. J&J Impex imports Sunglasses from Australia on Commercial Invoice #ABC 12345. The value of the equipment is US$112,316.53; the exchange rate is 1.3454 duty rate under Most Favored Nation (MFN) is 5.0%, GST is 5%.Based on the information provided, calculate how must duty and taxes J&J Impex owes Canada Customs for this shipment. (Show all calculations using the formula provided for full marks
e4.Explain to the importer the steps required to find the HS# and Duty rate for Sunglasses under the Harmonized System (HS), Customs Tariff. Your answer must include the Tariff Number or Harmonized System (HS) and Duty Rate for full 25 marks.
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0134613116
14th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones