- 6 -
Zhen, Bizhen, Shanghai Shen, and Kuang-Yu Wen were located in
China.
2. Shipping Charges and Customs House Brokers
Petitioner obtained 70 to 75 percent of his merchandise from
China. Petitioner paid shipping charges of $38,682 in 1993,
$18,678 in 1994, and $21,401 in 1995 to buy merchandise for Far
Eastern to resell.
Petitioner was required to file forms with the U.S. Customs
Service (Customs Service) when he imported goods to the United
States. He used customs house brokers to prepare and file
documents with the Customs Service on his behalf in the years in
issue. One of the customs house brokers petitioner used was
Panalpina, Inc. (Panalpina). Petitioner also used The Hipage
Co., Inc., and Southern Export Services as customs house brokers
in 1993.
3. Petitioner’s Business Expenses
In 1993-95, petitioner incurred business expenses for
electricity, gas, garbage removal, termite control, telephone,
and travel.
Petitioner traveled to China during each of the years in
issue to attend craft and trade shows and to identify merchandise
that he could sell. He incurred business travel expenses of
$4,188 in 1994.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011