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Chinese Bronze Censer, Further Research?
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<p>[QUOTE="rhiwfield, post: 84408, member: 924"]If they want lower value there has to be a reason. Somebody more knowledgeable than me may help but a quick spin on duty calculator suggest that China has no customs duty BUT has 17% import VAT on delivered costs. So I'd guess classifying as a gift and stating value of $1,000 may save the buyer a shedload of tax and the local authorities may take a dim view of that. I'm unsure as to where you would stand on the custom's declaration but it's not a place where I'd be comfortable.[/QUOTE]</p><p><br /></p>
[QUOTE="rhiwfield, post: 84408, member: 924"]If they want lower value there has to be a reason. Somebody more knowledgeable than me may help but a quick spin on duty calculator suggest that China has no customs duty BUT has 17% import VAT on delivered costs. So I'd guess classifying as a gift and stating value of $1,000 may save the buyer a shedload of tax and the local authorities may take a dim view of that. I'm unsure as to where you would stand on the custom's declaration but it's not a place where I'd be comfortable.[/QUOTE]
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