Import Taxes Pure Silver - Coin Community Forum

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Author	Replies: 5 / Views: 1,199
arianzo Pillar of the Community Canada 2124 Posts	Posted 09/07/2023 01:01 am For those who has knowledge about taxes for precious metal importation. I bought some items for USA and was surprised to be taxed. I needed to pay at Canada Post in order to have my parcel released. My understanding is that for 99.99% silver and gold we don't pay taxes, is that right? Now, 2 items were 99.99% silver but there is a fee for the engraving. Can I request to be taxed only for the engraving fees? The invoice clearly separates the charges. Nevertheless, I think that the clasification numbers used by the shop are wrong, they used: 970290000 (arts/vintage) and 982520000 (special classification). Which are the clasification codes that should been used, specially for 99.99% silver? Thanks Report this Post to the Staff

oriole Pillar of the Community Canada 5238 Posts	Posted 09/07/2023 05:36 am I suggest filing a complaint/ appeal asking for a re-classification. It may not be quick but the Canada Post decision is not the last word. Report this Post to the Staff
nss-52 Moderator United States 54280 Posts	Posted 09/07/2023 07:47 am What specifically were the items? Show your financial support of the Coin Community Family (click here) See my topic on Mexican Numismatic Medals (click here) Report this Post to the Staff
GMS5 Pillar of the Community Canada 1527 Posts	Posted 09/08/2023 09:18 am The code that should have been used is 9705.00.00 Which has a definition of the following: Collections and collectors' pieces of archaeological, ethnographic, historical, zoological, botanical, mineralogical, anatomical, paleontological or numismatic interest: This is the code I use all the time and never have a problem. Report this Post to the Staff
arianzo Pillar of the Community Canada 2124 Posts	Posted 09/10/2023 7:35 pm Quote: GMS5 The code that should have been used is 9705.00.00 Which has a definition of the following: Collections and collectors' pieces of archaeological, ethnographic, historical, zoological, botanical, mineralogical, anatomical, paleontological or numismatic interest: This is the code I use all the time and never have a problem. Thanks. And for bullion you use the same code? Report this Post to the Staff
arianzo Pillar of the Community Canada 2124 Posts	Posted 09/10/2023 7:43 pm Quote: nss-52 What specifically were the items? Bullion silver bars that I always knew they should not be taxed : https://www.silvertowne.com/product...lver-bar-3pc And 2 gifts, that are 99.99% silver so I supposed they should be handled as all the coins that sell RCM that even if it's for collection and come in a clamshell are never taxed . https://www.silvertowne.com/product...-in-gift-box There is a separate charge for engraving $5 so maybe that fee could be taxed but not everything ..... Report this Post to the Staff
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