What is Return Merchandise Authorization (RMA)? A return merchandise authorization (RMA), return authorization (RA) or return goods authorization (RGA) is a part of the process of returning a product to receive a refund, replacement, or repair during the product’s warranty period. Both parties can decide how to deal with it, which could be refund, replacement ..
The Export Administration Regulations (EAR) are a set of regulations found at 15 C.F.R. § 730 et seq. They are administered by the Bureau of Industry and Security, which is part of the US Commerce Department. In general, the EAR govern whether a person may export a thing from the U.S., reexport the thing from ..
The USPPI is the individual or legal entity in the United States that receives the primary benefit, financial or otherwise, from an export transaction. The following parties can be the USPPI: U.S. seller (wholesaler or distributor) of goods for export. U.S. producer (if selling the goods for export). Questions about who the U.S. Principal Party ..
The FDA has deployed the Import Trade Auxiliary Communication System (ITACS) for use by the import trade community. This system was implemented in order to improve communication between the FDA and the import trade community. ITACS basic functionality provides the import trade community the ability to electronically: check the status of FDA-regulated entries and lines, ..
All Export Control Classification Numbers (ECCN) are divided into ten categories within the Commerce Control List (CCL), which are then divided into five product groups. The first character of the ECCN identifies its broader characteristic (e.g. nuclear materials or electronics) and the second character represents its product group (e.g. material or software). The ECCN must ..
The following parties can be the USPPI: U.S. seller (wholesaler or distributor) of goods for export U.S. manufacturer (if selling the goods for export) U.S. order party (if directly negotiated between the U.S. seller and foreign buyer and received the order for the export of the goods) U.S. customs broker (obtains clearance of goods through ..
A Breakdown of LIFO Liquidation LIFO liquidation can distort a company’s net operating income, which generally leads to more taxable income. In most cases, a company uses the most recent costs when selling inventory items. The fewer the number of purchases made, or items produced, the further the company needs to go into their older ..