Subject:
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Re: EconMinutae 101 (was: Customs question...)
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Tue, 20 Nov 2001 01:49:49 GMT
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Viewed:
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1086 times
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In lugnet.off-topic.debate, Christopher L. Weeks writes:
> In lugnet.off-topic.debate, Scott Arthur writes:
>
> > > > Merchandise is more for describing buying from a
> > > > commercial organisation.
> > >
> > > Well, I disagree totally. I'd consider merchandise to be something that
> > > you've paid for (goods, not really so much services-- although construable
> > > as such).
> >
> > I'm am talking about the intent of the form. If I as an individual am
> > selling you goods as an individual I do not view that as "merchandise" when
> > I fill in the form. If I as an entrepreneur were selling goods to you and
> > others for profit then I'd be more likely to view it as "merchandise". I
> > think the scale should be taken into account.
>
> If my seven year old son trades his PBJ at the lunch table in school for the
> next kid's swiss on rye, was it merchandise?
Yes, both received something of value (to them) in exchange for their goods.
> If not, is it because of your
> profit clause above, or because it wasn't a cash transaction? He thought
> it was a profitable transaction. And Wwat if I'm trading LEGO for LEGO?
Again, you're receiving something of value for your goods, so it's not a gift.
Generally, in working out a trade, both parties agree on some kind of monetary
value as well, to make the trade as equitable as possible, and that's the value
that should be declared to customs.
ROSCO
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Message is in Reply To:
 | | EconMinutae 101 (was: Customs question...)
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| (...) If my seven year old son trades his PBJ at the lunch table in school for the next kid's swiss on rye, was it merchandise? If not, is it because of your profit clause above, or because it wasn't a cash transaction? He thought it was a (...) (23 years ago, 19-Nov-01, to lugnet.off-topic.debate)
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