I'm with Ewen on this one,I think its too much to expect a member to deal with these amounts of money.I certainly dont have a couple of grand lying about to pay for them up front...I didn't expect to get more than 5 people interested!.Even if the club could act as "trustee" for the money,it would be preferable to the onus being on 1 or 2 people...Plenty of other clubs do it,maybe its time to step up a gear.If we can purchase,sell and distribute seatbelt pads,surely we can do it with struts,but with the money up front?
We have the will,and the information,now we need the way..
Had a reply from Matt at Midwest X1/9 in Ohio,who I approached to see if he could supply struts to us.Because he is a small business,he couldn't match the prices Summit gave us,but he has been more than helpful,and I'm trying to open channels to enable us to get hard to find parts from the 'States.
>>>
I am definitely interested in the Jamex springs; - there is not a good source here in the US.Let me know what the price is for full sets of 4 or fronts rear separate.Yes, let’s try to work together if we can, there are many things that I could use from the UK, including lower ratio gearbox ring and pinions (lower than 4.08, such as 3.76), and Uno Turbo head/turbo set-ups. Also always looking for 4-2 exhaust manifolds, and 34 DMTR carburetors.I have very good prices on camshafts, I can provide high-quality 35/75 or 40/80 regrinds for $99.99 each in a purchase of 10 or more.
ok, if we can finalise a price, people could send me cheques for the amount made payable to "The X1/9 Owners Club". From here I will send the cheques to Simon and he can send me a cheque or deal directly with Sumit to pay the full amount up front.
Hi
Is it agreed that the club 'will' act as trustees for money and pay the US company.
We need an unequivocal post that all sysems are go and that cheques
payable to the club can be sent to Ewen.
Now the cost, my understanding is that these items are covered under Customs and Excise classification code 8708 803500 and attract an import tax of 4.5% on all US costs including shipping.
In addition to that and added to the total of the above is an additional 17.5% to cover VAT.
The import tax and VAT have to be paid to customs before they will release the goods from airport. This clearance can take days.
So, taking US price of $6943.95 @ an exchange rate of $1.989 to the £
equals say £3492 add on 4.5% equals £3648 plus 17.5% VAT equals
£4286 for 100 units
Say £178 / set of 4 subject to any change in exchange rate.
What about some expenses for guys collecting from Airport ?.
USA rate of exchange in our favour so need to act asap.
We are still to finalise the costs and this might take a while to get the ball rolling. Obviously the order doesn't go in untill we get all money from those that ordered parts. As usual money is up front before we act. That way nobody gets stung or left to hold the baby.
You beat me to it JAD, I have been finding out whats involved with import tax (not confirmed from HMC),and you are right with your calculations I believe.I am told 4.5% + VAT is what will be charged.
Hi
It would help to know what is the minimum order quantity they require to enable them to maintain the quoted price, then a cut off date could be set for the receipt of all monies , it is possible that not everyone who has confirmed an interest in taking part will eventually pay, 100% is difficult to achieve and waiting for the last one to pay may extend things.
In addition if the order was for a slightly smaller quantitity then the shipping cost per item would increase.
If the costs are as already stated why not ask for £190 per set up front, this gives a buffer to cover ordering a reduced number and any possible out of pocket expenses for those closely involved.
Alan
either that or throw whats left over in to club funds, could even be used to purchase some extra units to be held back for future demand or to help purchase other items for resale.
after all i'm pretty sure that most people would be happy with a price of £200 given thats what was the original figure mentioned
>>>>>>Alternatively, you could get advice on the commodity code from our specialist Tariff Classification Service either by phoning 01702 366077 (Monday to Friday, except public holidays between 9 am and 5 pm) or by email:
mailto:tso.classification@hmrc.gsi.gov.uk.
Customs duty is charged on the CIF value. This is the total of the Cost of the goods plus the Insurance and Freight charges.
VAT is charged on the total of the CIF value plus the customs duty payable.
Handling fees, including any fees for completing customs declarations, are a commercial decision for the clearing agency and we would have no information on the level of these.
I hope that the above is of assistance.
Yours sincerely
Stephen Jones
Officer of HM Revenue & Custom<<<<<<<<<<<<<<<
SO,
The TARIC code for suspension parts for passenger carrying vehicles is 8708, which equates to 3% duty payable.
So 3% on the total cost of the parts AND shipping, then add 17.5% on that figure......Thats a tax on tax...
$6943.95 + 3% =$6688.76
+ 17.5% VAT =$7859.30
Which at todays exchange rates is...£3960.24 /100= £39.60 x4 = £158.40....
Maths was never my strong point...anyone else care to double check?
Also as you have an agreed rate from your local customs officer you need to pass this information on to the person/company who are clearing the goods through customs. or else they may use a higher rate of duty !
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