Originally Posted by ILLusion
As another scare: if you fail to produce actual believable proof of the paid value of the item, customs has the right to reclassify and redeclare the value, and have the power to tax you based on the MSRP of the real deal (if they believe it could be the real item). For example, if you were trying to import Huang's replica blast belt, and they don't believe it costed you $15 (that's what was declared on my shipment), they could very well charge you taxes on the full value of the item (CP site is currently down, so I can't get an MSRP.) If they really want, they could hit you with the penalties as well, but how hard they hit you is also determined by how willing you were to co-operate in the beginning and how hard they want to try and prove a point.
You are bang on, Try convincing the customs in Niagara that the bike you just purchased used is not the $6000 version that he see in a website without th eoriginal bill of sale you are pretty much S.O.L