- Joined
- Dec 29, 2017
- Messages
- 60
I just thought I'd take a minute and pass on my experience importing a PM 1030V lathe to Canada.
Firstoff, I did some research, and comparing King, Busy Bee, and other options, the PM 1030 gives me very competitive value for the money, and comes with the QCTP already installed, with an extra 8" in bed length as compared to similar machines in those companies product lines. I hemmed and hawed for a while, sold my 'tired iron' which was a 1978 Southbend 10K, and put some other monies together into buying the 1030.
It arrives on Monday, so pictures to follow, but here's the breakdown on cost.
PM 1030V with AXA toolset, live center, and threading set : $2452.93 US, plus shipping at $298 (Including lift-gate delivery) for a total of $2850.93 US
That converted to $3689.80 Canadian.
It was shipped this week, and arrived at a bonded customs warehouse in Dartmouth.
Precision Matthews gave me a copy of the "Canada Customs Invoice" Form CI1 by e-mail, and I took that, along with the purchase invoice that PM also emailed me, along with the arrival notice that I picked up in person at the Bonded warehouse over to the CBSA office in Halifax.
I spent 10 minutes in line there, and paid HST on the portion of the purchase that did not include the shipping cost - so the $2452.93. The CBSA folks multiplied that by the daily posted exchange rate for the day I bought it, giving it a value for duty of $3218.99, so I paid $482.85 in HST (Harmonized Sales Tax in Nova Scotia is 15%) and they gave me a stamped copy of the arrival notice form that would enable it to be released from the bonded warehouse.
I went back to the bonded warehouse in Dartmouth with the form, and paid their $50 fee for processing it through their warehouse.
That was finished up by just after 4 PM on Friday afternoon, so the local sub-contractor for UPS will be coming to pick it up from them on Monday morning to deliver to me by lift-gate. (I could have picked it up myself at that point, but since I paid for lift-gate, I'll take it.)
So, in summary, an hour of driving and waiting in line at the customs office saved me any brokerage fees, and my total price in Canadian dollars for my PM 1030V lathe that will be delivered to my door on Monday is:
$3689.80
+482.85
+50
= $4222.65
Which is pretty damn close to what I figured it would be.
Pics to follow, but that's the math and process for any other canucks out there considering buying a PM product.
I will note, having a CBSA office and a Bonded Warehouse in the same city make this a very straight forward process.
Oh, and make sure you specify at customs that it's for personal use...I told them I plan on building a small steam engine. The CBSA officer could relate to my tale of being promoted away from playing with tools at work, and wanting to have a hobby at home.
NS
Firstoff, I did some research, and comparing King, Busy Bee, and other options, the PM 1030 gives me very competitive value for the money, and comes with the QCTP already installed, with an extra 8" in bed length as compared to similar machines in those companies product lines. I hemmed and hawed for a while, sold my 'tired iron' which was a 1978 Southbend 10K, and put some other monies together into buying the 1030.
It arrives on Monday, so pictures to follow, but here's the breakdown on cost.
PM 1030V with AXA toolset, live center, and threading set : $2452.93 US, plus shipping at $298 (Including lift-gate delivery) for a total of $2850.93 US
That converted to $3689.80 Canadian.
It was shipped this week, and arrived at a bonded customs warehouse in Dartmouth.
Precision Matthews gave me a copy of the "Canada Customs Invoice" Form CI1 by e-mail, and I took that, along with the purchase invoice that PM also emailed me, along with the arrival notice that I picked up in person at the Bonded warehouse over to the CBSA office in Halifax.
I spent 10 minutes in line there, and paid HST on the portion of the purchase that did not include the shipping cost - so the $2452.93. The CBSA folks multiplied that by the daily posted exchange rate for the day I bought it, giving it a value for duty of $3218.99, so I paid $482.85 in HST (Harmonized Sales Tax in Nova Scotia is 15%) and they gave me a stamped copy of the arrival notice form that would enable it to be released from the bonded warehouse.
I went back to the bonded warehouse in Dartmouth with the form, and paid their $50 fee for processing it through their warehouse.
That was finished up by just after 4 PM on Friday afternoon, so the local sub-contractor for UPS will be coming to pick it up from them on Monday morning to deliver to me by lift-gate. (I could have picked it up myself at that point, but since I paid for lift-gate, I'll take it.)
So, in summary, an hour of driving and waiting in line at the customs office saved me any brokerage fees, and my total price in Canadian dollars for my PM 1030V lathe that will be delivered to my door on Monday is:
$3689.80
+482.85
+50
= $4222.65
Which is pretty damn close to what I figured it would be.
Pics to follow, but that's the math and process for any other canucks out there considering buying a PM product.
I will note, having a CBSA office and a Bonded Warehouse in the same city make this a very straight forward process.
Oh, and make sure you specify at customs that it's for personal use...I told them I plan on building a small steam engine. The CBSA officer could relate to my tale of being promoted away from playing with tools at work, and wanting to have a hobby at home.
NS
