CTT: Cettire’s Texas hold ’em keeps customs duty hawks guessing

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The red-hot ASX-listed retailer appears to have one figure for customs and another for customers when it comes to the value of its luxury goods.

The Balenciaga coat, en route from Italy, had cost $US3000. But Cettire had declared it to only be valued at $US2140.

Jane, a 40-year-old finance professional from Texas, in the US, read that investigation and looked at her own receipts. And there were many. Across seven purchases – the Balenciaga coat and six pairs of Saint Laurent shoes – Jane had spent $US6663 before tax and duties. On customs documentation, however, Cettire had declared that those products had a total value of $US4600.That was a 30 per cent – or $US2000 – difference.

“Cettire charged me $164 on a $979 dollar item. The US charges 4.4 per cent duty which would have been only $39. Cettire then undervalued the item so that it would clear US customs and not incur any duty,” wrote Mike M on Trustpilot in December. Customs and Border Protection declined to comment on the specific matter. “Generally, the appraised value of all merchandise imported into the United States is the transaction value of the goods,” the customs officials note online.But Cettire confirmed it is paying all applicable duties and other import charges to authorities at the point of customs clearance.

 

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