You are an importer in Canada. Your report must include the followings:
1. Product, Vendor & Made in Country
Identify a product for importation into Canada.
• Product name, vendor information and made in country.
• Research on this product (type, potential sales opportunities, importation restrictions, etc.).
2. Importation Preparation.
Research on CBSA website for importation of your product into Canada.
• Full 10-digit HS Classification Code*, explain how you think the HS code is correct.
• Determine duty rate using the Made-in-Country in consultation with the “List of Countries
for Applicable Tariff Treatments” **.
• Is your product a Controlled Goods, is there any restriction for importation of this product
into Canada, and/or any restrictions imposed by the exporting country.
3. Transportation & Freight
Check product package & shipment information.
• Product package size, weight, and volume (dimensions),
• Number of packages per box/case, outer carton count, pallet size (if applicable), etc.
• Compute transportation cost using freight-rates provided by instructor (see Moodle).
• Transportation mode decision and freight cost(s), computation of shipment weight and
dimensions.
• The port for use in the exporting country (air or seaport, city/town name if using land modes).
• Incoterm® 2020.
4. Landed Cost, Markup & Sales Decision
Determine mark-up margin for selling price upon importation into Canada.
• Any other related costs, overheads, and accessorial charges.
• Use the cost calculation worksheet (.xlsx) or the Word table on myasm.ca.
• Pricing decision: include “mark-up”, research for at least 2 similar products and compare their
prices with yours, to justify your pricing decision.
• What is your plan in distribution (DC) and selling your product (distributor/retail) – note: this
is not a marketing report.
5. References are mandatory
This report report must show the final landed cost and how much this product is priced for retail sales
You can research for HS codes and duty rates from Websites listed below:
Canada Tariff Finder (EDC): https://www.tariffinder.ca/en/getStarted
Find HS Codes: https://www.findhs.codes/
Canada Post:
https://www.canadapost-postescanada.ca/information/app/wtz/business/findHsCode?execution=e1s1
Customs Tariff Schedule 2021 (main page):
https://www.cbsa-asfc.gc.ca/trade-commerce/tariff-tarif/2021/menu-eng.html
CBSA Customs Tariff by chapter T2021-5 (Effective date: 2021-07-01)
https://www.cbsa-asfc.gc.ca/trade-commerce/tariff-tarif/2021/html/tblmod-5-eng.html
List of Countries and Applicable Tariff Treatments (2021-04-01) **
List of Countries and Applicable Tariff Treatments – 2021-1 (cbsa-asfc.gc.ca)
The post Product, Vendor & Made in Country first appeared on COMPLIANT PAPERS.
