Declare the correct value on the Customs form?

Ok, if you want to hear ridiculous regarding sending goods over the border:

I had a tegra computer board from my Tesla, built in Fremont California, that was failing because of a $20 flash chip. My choice from Tesla was replace the whole MCU infotainment unit (the whole big glass screen and all the guts contained) at a cost of $4000 Canadian at a Canadian Tesla service centre. Some figured out a way to simply replace the chip in the tegra board by hot air soldering a new one, and transferring the vehicle data from the old chip to the new one, so the car worked. After many success stories from others I decided this to do this.

I removed the MCU unit, removed the tegra board, and mailed it down to a fellow (with an Asian name) in California to do the work for $500, then I would get it mailed back and reinstall and I save more than $3000. Great!

He suggested I insure the tegra board for $2000, because that would be the cost to replace it should it get lost. Makes sense to me.

I ship it insured for $2000 via Fedex from Canada to California, and Fedex charges the receiver $300 extra as the tegra board was made in China, as this was when Trump was in office the last time and he slapped a 15% tariff on all Chinese goods.

Yes, a part from an American car, sent from Canada back to the US, was subject to a 15% duty on a "suggested" $2000 replacement value for a $100 actual part cost, to replace/repair a $20 part, because the computer board was made in China.

@mclinnguy hah! That's wild! (I don’t understand the replacement cost $2000 math)

I once paid the price of 2 new monitors (in customs, taxes and fees) for bringing one used monitor into Hungary. I could have left it with the customs but, it was too much good money after bad by then, and I had to have it.

@grislybutter Hungary? We own a Puli, not common in Canada, we get plenty of questions, but he was not imported from Hungary 

The $2000 replacement was the current cost of a used MCU (media control unit) from a wrecked/salvage car from ebay etc. that I would have to buy to obtain the same tegra board. It was not possible to buy any of the parts inside the MCU individually. 

@mclinnguy I used to have a puli. Of course they are popular at some point in time  and then they are not, goes in waves. It's hard to keep 100s of sheep around to keep them happy in a city apartment. 

@vinylfun

l think this post has reached side one’s run out groove!

Wouldn’t it be ‘fun’ to turn it over now, name this holy grail ‘vinyl’ (requested twice already) and play side two. Let all those interested all have a fun time debating if this golden goose is in any real world reality worth $1,200 ?

Thats my Logic!