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Old 27 April 2014, 05:15 AM   #1
southtexas
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Shipping fedex from USA to foreign country--declared values

Hello, I am in USA and sold an item for approx $1500usd to a buyer in Asia (buyer has strong feedback in high end Rolex purchases). Buyer has now asked that I show declared value of $100. Important to note he is paying via paypal; it's an eBay sale.

Can I still insure it through Fedex for $1500 in case it gets lost or otherwise disappears enroute, or can I only insure it for declared value?

Anybody with experience in this scenario? If so, please PM or post up. Thanks very much; I appreciate it.


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Old 27 April 2014, 05:25 AM   #2
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Quote:
Originally Posted by southtexas View Post
Hello, I am in USA and sold an item for approx $1500usd to a buyer in Asia (buyer has strong feedback in high end Rolex purchases). Buyer has now asked that I show declared value of $100.

Can I still insure it through Fedex for $1500 in case it gets lost or otherwise disappears enroute, or can I only insure it for declared value?

Anybody with experience in this scenario? If so, please PM or post up. Thanks very much; I appreciate it.


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Falsifying the declared value just because he "asked" is not a good idea; in fact it may be a crime!

He is trying to reduce his customs obligations; not your problem. Declare the full purchase price and move on.

my 2 c worth.

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Old 27 April 2014, 05:34 AM   #3
Lgear080
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Firstly... Sign up at jwls.com

Then, always declare correct value. Definitely overlay
Insurance and demand signature by the paypal acct
Holder, delivery to their verified addy only. Photograph
Everything extensively.

Good job.
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Old 27 April 2014, 05:35 AM   #4
77T
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Quote:
Originally Posted by JohnBaker3 View Post
Falsifying the declared value just because he "asked" is not a good idea; in fact it may be a crime!



He is trying to reduce his customs obligations; not your problem. Declare the full purchase price and move on.



my 2 c worth.




Agree wholeheartedly. If anything went wrong eBay would not stand by you if you falsified the export document.

You would be the one holding the bag...I would decline the under-reported value and offer to unwind the deal now if the buyer doesn't like your honesty.
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Old 27 April 2014, 05:35 AM   #5
nickb732
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IBTL. From experience I don't think the mods take too kindly to trying to evade taxes.
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Old 27 April 2014, 06:17 AM   #6
crowncollection
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He is trying to avoid taxes
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Old 27 April 2014, 07:22 AM   #7
southtexas
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Thanks guys. I have informed buyer that eBay and paypal policies require full declaration, and that I can't insure it via fedex opening myself up to full loss if the package goes missing.

Hopefully his strong feedback means he'll understand and we can successfully close this deal.


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Old 27 April 2014, 07:30 AM   #8
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Ignore his request and send...it will be fine.( for you)
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