US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware

[minefarmbuy]

A buddy of mine says that FED EX informed him of the proper codes for ASIC miners. Just saying. I'll see if I can get that code he was told and post it on here.

brad

Page one of the thread here has the correct ruling.

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[Searing]

Page one of the thread here has the correct ruling.

thanks

[QuintLeo]

This is exactly what happened to us. We received a mid 6 figure bill for things we imported before any of this was even a law.

Constitutional violation, under the "ex-post-facto" part.

This SHOULD be fightable.

Are there any known asic chips manufactured/produced in China?

No - they don't have the capability of producing 16nm or smaller chips at all.
I'm not sure if they can even produce 28nm.

[Searing]

I heard from a buddy that data halls are being billed for equipment delivery..that is not happening...just because delivered there was NOT their equipment...

so probably court..fed ex won't eat these costs and I'm pretty sure any overseas folk that had crap in data halls overseas at the very least will just blow it off

its a mess

[minefarmbuy]

Fanatic isn't clear if they were hit the he 2.6% or the combo 27.6%. It would just depend on when they arrived and what tariffs where applied.

From a delivery standpoint, a shipping company would need to collect from the delivery address.

Sounds like your buddy would have collect from who the servers where for and/or potentially soak duties. Want to have timely deliveries and upfront costs, plan for the inevitable. People forget sometimes time is bitcoin too.

[fanatic26_]

Fanatic isn't clear if they were hit the he 2.6% or the combo 27.6%. It would just depend on when they arrived and what tariffs where applied.

We were hit with the 2.6%, the 25% is not back dated. The problem with that was we bought thousands and thousands of miners so the 2.6% was still a big 6 figure number after the fact.

[Searing]

Fanatic isn't clear if they were hit the he 2.6% or the combo 27.6%. It would just depend on when they arrived and what tariffs where applied.

From a delivery standpoint, a shipping company would need to collect from the delivery address.

Sounds like your buddy would have collect from who the servers where for and/or potentially soak duties. Want to have timely deliveries and upfront costs, plan for the inevitable. People forget sometimes time is bitcoin too.

yeah I really, really doubt the data hall (big) is gonna eat Fed Ex costs for equipment delivered to them directly from China for customers who have rented their services and left in droves this last year, taking equipment

with them, etc.

But I doubt Fed Ex will eat these costs either

Guess it is Lawyer time. Fun, Fun!

brad

[QuintLeo]

I wonder how it would affect the 25% part when it's pointed out that the VAST BULK of the value of a miner is the ASIC chips that are manufactured in Taiwan (TSMC) or Korea (Samsung) and NOT in China.

[minefarmbuy]

I wonder how it would affect the 25% part when it's pointed out that the VAST BULK of the value of a miner is the ASIC chips that are manufactured in Taiwan (TSMC) or Korea (Samsung) and NOT in China.

You would have to source the chips separately then. Since the final product is made in china they're subject to the added tariff. I think early in thread we use a "voltron" analogy to explain that.

[ccgllc]

Just got a fraud alert from Chase.  Fed-Ex tried charging $2785 to my credit card.  Chase declined it.  I'm GUESSING this is the 2.6% tarrif from late last years purchase, but I'll be dammed if I'm paying it without an itemized list.

They did send me a notice about the re-tarriffing back when this thread was started.

[minefarmbuy]

Yea, get an invoice. Did they charge you duties when they were imported LY? 

[ccgllc]

Yea, get an invoice. Did they charge you duties when they were imported LY? 

The equipment was duty free at the time, although they charged me fees for dealing with customs.

Has anybody won the argument with Fed-Ex that since they were responsible for dealing with customs, and errors in paperwork are on them?

[minefarmbuy]

Technically if you're importing it's your responsibility to submit proper paperwork not FedEx. I would gather the information on the ruling they used at time of import to the one they're attempting to collect on. Things to consider are: if you mine as a licenced business and how much you use FedEx.

[Searing]

As an aside is there not already a 10% tariff on all China goods...or is that something coming down the pike by the Trump Administration in the coming months?

or heck? Is it dead because of the flip to the Democrats in the U.S. House or some other reason?

thanks

Technically if you're importing it's your responsibility to submit proper paperwork not FedEx. I would gather the information on the ruling they used at time of import to the one they're attempting to collect on. Things to consider are: if you mine as a licenced business and how much you use FedEx.

So any order of any amount (1) miner from outside the USA...they can come back to you and tell you the import tax (if any) you should pay was incorrect and come after you

for a different amount all the way back till 2015? What I mean is the very 'act' of buying something from overseas (China) that is the inevitable outcome? Even if Fed Ex

or UPS or the US Gov't has it wrong from back in the day?

brad

[philipma1957]

Lot of mixed info here.

August 23rd or some date like that is the 25 % tariff.

But any miner from China going back to the first one sold in 2011 the Avalon I think.

 is subject to the 2.6% tax

So for me I could get 2.6 % on maybe 10000. For a  260 usd bill.

And I could get 25% on an 1800 miner ordered near the tariff date in august this would be 450

So I think I could be charged as high as 700 or 800.

Basically every miner ever purchased from China from 2011 to 2017 is subject to the 2.6% number.

While the 25% number starts in August 23rd maybe August 28th.

So for me I will not be buying any gear for right now. As I sometimes got charged 3% from 2011 to 2017

And some times got charged zip.

I will need to wait to see if I get billed.

[Searing]

truth be told most if not all my miners from 2015 and 2016 were called 'computers' on the invoices..I paid NADA...if they go back and look at that I'd owe

2.6% easy on everything...so that would probably be in my case about..hmmmm..guessing.... $2,000 USD max? yech!...some of that was pass

thru to other folks, I'll never see and have to eat....yech...ack!

brad

[minefarmbuy]

There are multiple sections on the action from this year, the highest is 25% the lowest is 10%. Some came prior to late august, some after but nothing that would affect our area in mining before August. I believe you can find the date in the thread here somewhere.

I won't speculate on politics. 1) cause I don't care 2) cause who knows what these hacks do next.

The shipping company technically shouldn't release parcels till duties are paid. We're used to them expediting service as a benefit for consumers.

Someone requesting a ruling, and these insane tariffs essentially put light on the products and now duties known and required. Please do not ever, by any means requests a ruling. Instead, submit your own for approval by the CBP.

As a business you should pay your duties and file paperwork prior to arrival and just get it out of the way with the rulings at had. If things change you can resubmit if you're due credit otherwise most company's sit on the paperwork since they paid a duty already (typically).

As a consumer you might skate by, you might not. Probably not with a "trade war" as 2.6% can be negligible but 25% is not.

Please remember it's your responsibility to pay duties and most corporations have years and years of back log. It's a never ending process and inefficient as hell.

For Philip's situation if you're waiting for a bill and you know when, where, and how much for every parcel you can get ahead of it. Otherwise, estimate on your books hold those funds and get on with your business knowing you can tackle taxation for future and plan for your upgrades if ready.

[philipma1957]

I have funds set aside  260 plus 450  which is 710. Much like searing I ordered for multiple people and when the bill was over 2500 I was charged 3% which may have been too high.

when the bills were under 2500 I was not charged.  So for now  I will wait for this to unfold and check on the orders made.  along with the orders that were charge and were not charged.

It is not an end the of world number in my case.  So I will set aside 3 x 710 = 2130 which should cover me.

So 47000 in orders. That is under 1300 and some has been paid.  So maybe  1000 maybe 900.

And 25 btc in orders. This concerns me  I checked what btc value was and at 395 a coin  it comes 9780 but I am now worried that companies could use wrong btc numbers.

Coins were a lot lower when the bill was fully btc.  It would suck bad if they use the wrong numbers current btc is 5500 not 400 so I owe about 260 usd with the correct btc assessment.  I have paperwork and will need to hold at least 1260 usd on the side.

Oh well

[dutyta]

We just received a bunch of notices a month or so ago about the 2.6% for orders from last year and now fedex is billing them to our shipping account.

After the first charge of $2000 was approved by the CC we got that cc to stop accepting charges from Fedex, so nothing else would be automatically paid. 

Now it's up to $13k owed.

Any advice on dealing with this?  Does fedex typically accept a small settlement amount after awhile if the bills remain unpaid? 

We never signed any agreement with fedex allowing them to bill these customs charges to our shipping account, or any agreement with them allowing them to put negative marks on our credit if these customs bills went unpaid - but since they are now stuck under our shipping account incorrectly, they presumably could. 

[minefarmbuy]

We just received a bunch of notices a month or so ago about the 2.6% for orders from last year and now fedex is billing them to our shipping account.

After the first charge of $2000 was approved by the CC we got that cc to stop accepting charges from Fedex, so nothing else would be automatically paid. 

Now it's up to $13k owed.

Any advice on dealing with this?  Does fedex typically accept a small settlement amount after awhile if the bills remain unpaid? 

We never signed any agreement with fedex allowing them to bill these customs charges to our shipping account, or any agreement with them allowing them to put negative marks on our credit if these customs bills went unpaid - but since they are now stuck under our shipping account incorrectly, they presumably could. 

Your agreement is technically with the US government if you're importing. Essentially if your tax id is attached to the waybill you are fully responsible. 13k sounds like a lot but pending what you unit cost is, is what is due.