International Business INB365 Lecture Notes - Lecture 7: Goods And Services Tax (Canada), Ata Carnet, Canada Border Services Agency
4 Jan 2018
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Described the four (4) types of bonded warehouses. For various reasons, an importer may want to import goods on a. Introduced and completed a type 20 b3 temporary basis : machinery for seasonal work, horses for a horse race, shoes to accompany a shoe salesperson. If the goods qualify, then the importer will be entitled to relief of: all duties all, part, or none of the goods & services tax (gst) There is much administrative activity and documentation surrounding temporary entries so try to avoid them altogether! You must tell customs the exact reason why the goods are being imported. That will dictate the level of exemption, and whether they can be imported temporarily or not. If you find out that goods are duty free regardless it may be better to do a regular entry as gst is refunded through an input tax credit. Electronic version is available on the cbsa website.
