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Should we anticipate delivery / customs issues w/ Trump in office?
- Thread starter Barnabas2000
- Start date
Soxxgo2
Renowned Member
- 4/3/06
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- 29/12/24
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This may be a naive idea as I'm still new to the rep game [just got my second piece -- a 126710LV today which I'll review tomorrow from none other than Zero2!], but what would the cost likely be if, for example, TDs were to declare any rep at it's gen value so that it passes customs as a "gen" [not like the parcel people are watch aficionados].
Or would that be entirely cost prohibitive and antithetical to the rep world? I haven no clue what tariff / customs would cost for a piece valued at 17k grey market or 9.5k MSRP.
Or would that be entirely cost prohibitive and antithetical to the rep world? I haven no clue what tariff / customs would cost for a piece valued at 17k grey market or 9.5k MSRP.
- 29/12/24
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I totally meant 126610LV, BTW! Trying to figure out how to edit posts you've made! No luck, lol.
Let me ChatGPT that for you
If a trusted dealer (TD) were to declare a replica watch at its “gen†value (e.g., $17K grey market or $9.5K MSRP), the cost of customs duties and taxes would be substantial, likely making this approach entirely impractical.
Breakdown of Potential Costs:
1. Customs Duties & Tariffs:
- The U.S. has a duty rate of ~3-5% on luxury watches.
- The EU can have 20-30% in VAT plus potential import duties.
- The UK imposes 20% VAT + 4-5% duties.
2. Sales Tax / VAT:
- If the package is inspected and properly declared, the recipient may owe sales tax or VAT at local rates, which can range from 5-25% depending on the country.
3. Total Import Costs:
- U.S.: $9,500 MSRP x (~5% duty + 8-10% sales tax) = ~$1,300
- EU: $9,500 MSRP x (20% VAT + 5% duty) = ~$2,375
- UK: $9,500 MSRP x (20% VAT + 4% duty) = ~$2,280
- For a $17K grey market value, costs would be even higher.
Why This is Not Viable for Reps
1. Cost-Prohibitive: Importing a rep under declared gen value would cost thousands in duties, wiping out any savings.
2. Customs Red Flags: Customs officials are used to handling high-value watches, and if a package is marked at a luxury price, it will likely face extra scrutiny.
3. Seizure Risks: If customs identifies it as a replica, it would be seized, and the recipient could face penalties.
So unless someone wants to pay thousands in taxes and risk customs attention, this method is completely impractical.
If a trusted dealer (TD) were to declare a replica watch at its “gen†value (e.g., $17K grey market or $9.5K MSRP), the cost of customs duties and taxes would be substantial, likely making this approach entirely impractical.
Breakdown of Potential Costs:
1. Customs Duties & Tariffs:
- The U.S. has a duty rate of ~3-5% on luxury watches.
- The EU can have 20-30% in VAT plus potential import duties.
- The UK imposes 20% VAT + 4-5% duties.
2. Sales Tax / VAT:
- If the package is inspected and properly declared, the recipient may owe sales tax or VAT at local rates, which can range from 5-25% depending on the country.
3. Total Import Costs:
- U.S.: $9,500 MSRP x (~5% duty + 8-10% sales tax) = ~$1,300
- EU: $9,500 MSRP x (20% VAT + 5% duty) = ~$2,375
- UK: $9,500 MSRP x (20% VAT + 4% duty) = ~$2,280
- For a $17K grey market value, costs would be even higher.
Why This is Not Viable for Reps
1. Cost-Prohibitive: Importing a rep under declared gen value would cost thousands in duties, wiping out any savings.
2. Customs Red Flags: Customs officials are used to handling high-value watches, and if a package is marked at a luxury price, it will likely face extra scrutiny.
3. Seizure Risks: If customs identifies it as a replica, it would be seized, and the recipient could face penalties.
So unless someone wants to pay thousands in taxes and risk customs attention, this method is completely impractical.
- 29/12/24
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I figured that would be the case. Was just trying to think outside the box. Totally impractical as you said.
Though, I do wonder would China's DeepSeek would say...lol, jk!
Soxxgo2
Renowned Member
Here is a message that MR sent to all his customers.
Here is a message that MR sent to all his customers.
all that basically says is we don't know what's going on and how this will affect us or our customers.. please be patient and wait and see
kudos to them for immediately offering refunds if the customers wishes it.. that is good business for them
things are so liquid right now everyone doesn't really know what's going to happen and specifically how the added fees to the US MPF will affect shipments going forward.. hence, "be patient". but yeah.. it's great that they offering refunds
Soxxgo2
Renowned Member
It says more than that. They’re going to do a test shipment to see how it does. This is really important.all that basically says is we don't know what's going on and how this will affect us or our customers.. please be patient and wait and see
kudos to them for immediately offering refunds if the customers wishes it.. that is good business for them
I had 3 of 3 of my recent packages coming into the US opened and inspected, just for reference point. I think the best move is to hang back and see how it plays out.
you can't tell us you got popcorn and say there's no butter!!!
so... what happened? they opened, inspected, and released it? contacted you? you pay any fees to claim it...?
we need the 411
They were just standard stuff (shoes, some office items) so resealed and delivered after an average week delay. Point is they were open and resealed with the "customs inspected" sticker. That has only happened to me once before with anything ever.
Soxxgo2
Renowned Member
Rep dealers sometimes use creative methods to get the watches through. I’m confident they will do what they do.
In the past I’ve even received watches inside of toys which I had to dismantle to get the watch out.
In the past I’ve even received watches inside of toys which I had to dismantle to get the watch out.
What i get from this is... M2M just became WAY more valuable as a tool to buy.
150,000% correct..
the world of shipping and buying from china as we know it has all but been obliterated
a new world today..
- 29/12/24
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Hopefully not obliterated...just a time to lay low and let the TDs figure things out. In the meantime, M2M is the way to go! The reason this community exists is for times like this!
It's way to early to call it quits. Let the dust settle and we'll see how the scenery has changed. Then we'll be able to tell if you in the US will have to pay more for shipping. That's the worst that will happen I guess
