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

[ccgllc]

Received Fed-Ex notifications for my (2) orders above $2500 - now several months after my original notification for a $100K+ order.  Clearly they are working their way down.

Have NOT received an invoice for anything yet, although they recently tried to bill my credit card for that $100K+ order.

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[Searing]

Received Fed-Ex notifications for my (2) orders above $2500 - now several months after my original notification for a $100K+ order.  Clearly they are working their way down.

Have NOT received an invoice for anything yet, although they recently tried to bill my credit card for that $100K+ order.

I see a lot on here about fed ex sending this stuff out and not much on UPS..or am I delusional?

brad

[minefarmbuy]

UPS collects duties, their more proactive to charge prior to delivery like DHL.

[Searing]

UPS collects duties, their more proactive to charge prior to delivery like DHL.

ah...back in the day I did pay fees on miners coming in....so perhaps it will not be much of an issue in my case ....(fingers cross)

currently selling at the Black Friday low ...its how I roll....got to stay retired next year...what are the rest of you doing?

the needs must when the devil drives....don't ya know

Anyway. I just think we are gonna see quite a big weekend dump....

brad

[philipma1957]

ah...back in the day I did pay fees on miners coming in....so perhaps it will not be much of an issue in my case ....(fingers cross)

currently selling at the Black Friday low ...its how I roll....got to stay retired next year...what are the rest of you doing?

the needs must when the devil drives....don't ya know

Anyway. I just think we are gonna see quite a big weekend dump....

brad

I think i will end up paying about 800 to fed ex.  maybe less.

I just grabbed a good black friday deal   a 2 tb ssd for 286 - 57 coupon = 229  - 4% rebate = 219.84 for this 2 tb ssd.

all in all last year was a good year this year not too good.

[Searing]

I think i will end up paying about 800 to fed ex.  maybe less.

I just grabbed a good black friday deal   a 2 tb ssd for 286 - 57 coupon = 229  - 4% rebate = 219.84 for this 2 tb ssd.

all in all last year was a good year this year not too good.

2 quotes .. high price 1) be careful what you wish for

2nd quote .. you don't always get what you want, but sometimes you get what you need

just has to hang together to act as a bridge will 2021 (or at least 2020) when I tap into my full retirement....i like not working hopefully having to work for idiots again in the next 1.5 - 2.5 years....

by the by

again, anyone getting any of these notices from UPS? maybe UPS was more on the ball back in the day? I seem to remember at the time paying fees on UPS stuff

and not so much on fed ex (I am probably delusional)

brad

[Biffa]

So the 25% duty has a 90 day reprieve?

[studio_mining]

So the 25% duty has a 90 day reprieve?

No.  Duty remains for ASICs...any new duties on other goods (many are currently at 10% and were scheduled to escalate to 25% after Jan 1)

Current duties are still 25% + 2.6%

[Exoskeleton]

It does look like they are making progress on easing other tariffs so I have hope this will either go to 10% or less, or be eliminated altogether.

Anyone with anymore info on the possibility please share what you know. Keep us up to date if you can.

[minefarmbuy]

I imagine we'll have a burst of celebration posts to inform everyone.

A shipping company has given us a "free ride" on some orders to a certain dollar amount. We're looking at verifying, but there are some stipulations we have to follow for them to soak the duties for us. We'll see how that goes, let me know if you want to be guinea pig.

[Exoskeleton]

I imagine we'll have a burst of celebration posts to inform everyone.

A shipping company has given us a "free ride" on some orders to a certain dollar amount. We're looking at verifying, but there are some stipulations we have to follow for them to soak the duties for us. We'll see how that goes, let me know if you want to be guinea pig.

Not when it comes to this stuff.    Im fine making a few hundred dollars a month small time mining with second hand gear. But I don't need to be ordering gear not knowing what my eventual customs fees will be.

[minefarmbuy]

I would always project 27.6% at this point.

[Blokforge]

So just to update, our attorneys in washington have not found any other exclusion requests at this time, if ours are the only ones that go in we will put up link for positive comments and support.  We have multiple being submitted to cover multiple applications of the technology and interpretations.  This is an expensive process and hopefully benefits the industry as it needs some help right now with current prices.  We will accept high fives in return at the next consensus if it works out.

[minefarmbuy]

Interpretations? So you've proposed a new ruling?

Essentially we decided to not pursue mining hardware but went after the materials we source, even those outside of this area as those won't change so frequently. With hardware updating every three months you would have to know what is going to be released for a product exemption of the added tariffs. Just since late august there have been maybe 8-10 new releases? Coupled with de minimus threshold, market valuation, just seemed like patience is all that is needed when looking at product side.

What we really need to look at is supporting our good actors in domestic manufacturing like Gekko Science. 

I'll be excited to see your submits on regulations.gov once available. Exemptions excepted or not I still think congratulations are in order!

[gmaxwell]

Virtually every mining device is a general purpose computer running linux plus a fixed function accelerator.  Is this so different than, say, an android phone which has several fixed function accelerators (like the speech detection 'hello google' hardware, wifi modem, etc.)?

[Gabrics]

Indeed. The problem is that you can't prove as there is no official firmware for other purposes. If I remember correctly the main point was the single purpose of the device. It can't be reprogrammed (they also said something about according to the manufacturer...).

It would be this simple in my opinion: Sell the unit configured (and marketed) as a webserver (etc.) and ship it with a firmware with some web hosting features. Than offer an ALTERNATE firmware which can mine Bitcoin on the side and/or dedicated.

I think after this it would be justifiable as a general purpose computer. But most of this up to the manufacturer and Bitmain is doing KYC for a while (just as an example what can be expected from the manufacturer).

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?

Unfortunately CBP claims that it was not categorized correctly. So it never was 0%, but YOU did not report it correctly (or the shipping company acting on your behalf). Hence it is your error and there is practcally no limit how long they can go back (according to our customs agent).

It is questionable as their "ruling" came out later, so how should we know?

We should (according to them) be happy that they "only" charge the actual percentage and not a fine (yet).

[taserz]

Yeah they could impose a fine but since the sender improperly did this on a wide scale I don't think they will fine us.

[minefarmbuy]

Receiver is responsible for duties always unless noted with freighter. Which is why it's optional for solo buyers to use our tax id and mandatory for group buyers.

[Searing]

Is there any real progress on the USA Tariffs being redacted any time soon or are we looking at another year of 25% tariffs and 2.5% import fees in the USA?

Not saying it matters at the moment. Not a lot of ASIC equipment of any flavor that makes sense to get these days even used stuff.

Just figured I'd ask, you folk may be more on top of what may or may not be happening as far as progress on all this stuff with Tariffs on China/Canada etc, etc.

[minefarmbuy]

No new updates as of yet besides that the goods on 10% tariff wouldn't be increased as planned this year.

Trade war on US citizens continues. . . . I mean China.

Also for our Canadian brotherhood: https://www.cbsa-asfc.gc.ca/import/courier/lvs-efv/menu-eng.html#_s1