Transcoder and Customs Procedures - CTM107
Assignment # 2
(15 marks, worth 20% of your final grade)
Case Study
Cook-e-tronics Inc is an importer of domestic’s electronics. Their importer number is 123456789RM0001 and their located at 1324 Steels Avenue West, Toronto, ON M5V 4S2.
This importer is preparing a B3 to submit to CBSA. The current stock in the bonded warehouse is as follows:
- 1500 Coffee Makers
- 2500 Tea Makers
The original supplier of these goods is Cocina Factory Inc. They are located at Calle 45, Medellin Colombia. Goods were manufactured in Colombia and were shipped via sea freight. Cook-E-Tropics Inc and Cocina Factory Inc are NOT related firms and the price payable on the invoice is without adjustments. The direct date of shipment for this transaction is January 5, 2019
These particular products are for the Christmas season, and were storage in the bonded warehouse of Freight Customs and Services Inc, located at 1522 Steeles Avenue West, Toronto, ON, M5V 6S1.
Please complete a B3 based on the information below:
Assumptions:
- The exporter has not provided the importer with a certificate of origin for the goods.
- The cost of the Coffee Maker is CAD $ 20.90 (Invoice shows unit price of USD $ 15.50)
- The cost of the Tea Maker is CAD $ 19.30 (Invoice shows unit price of USD $ 14.30)
- The bonded Warehouse number is 9982
- Transaction Number for this shipment is 95124 522323
- The Cargo Control Number is 952-3531178.
Specific Instructions:
- Ensure that you have the Acrobat reader installed on your computer (See Minimum System Requirements in Course Information at the left).
- Download the B3 form. You’ll find it in one of the Modules.
- Using your knowledge of the customs tariff and what you have learned about the Canada Customs Coding form, please complete a B3 form and calculate duties and taxes payable for a total of 500 Coffee Makers and 500 Tea Makers.
- Follow the General Instructions below to submit your file.
Important information on Page # 2 ->
Field Number on B3 | Box |
| Field 14 | Tariff Treatment |
| Field 27 | HS Code |
| Field 33 | Rate of Customs’ duty |
| Field 35 | Rate of GST |
| Field 37 | Value for Duty |
| Field 38 | Customs Duties |
| Field 41 | Value for Tax |
| Field 44 | Warehouse Number |
| Field 42 | GST |
| Field 47 | Customs Duties |
| Field 50 | GST |
| Field 51 | Total Payable for entry |
General Instructions
Criteria:
Please ensure that your completed assignment meets the following requirements.
| File Type: | Save the file as .pdf, not .doc, .wps, or any other type. Other file types will not be accepted for marking. |
| File Names: | XXXx_asgn1_partY.PDF, where XXX is replaced by your last name, and x is replaced by your first initial, and Y is replaced by the assignment part number. Example: My assignment 2 file would be named yux_asgn2.PDF |
How to submit your assignment
• Please submit your file in the Assignments area at the left.
• Before you submit your file, review How to Use Blackboard & Submit Assignments (in Course Information at the left).
Due Date
Please check the Timeline (in Course Information) for the due date for this assignment.
Marking Criteria
You will be assigned 1 mark per correct field completed. Please pay careful attention to the information supplied for this assignment.
Partial marks will be assigned when and if applicable.