Business Excellence Consortium
United States Importing Fundamentals
| Details | |
|---|---|
| This course has not been scheduled. Please contact the BEC for more information. | |
| Individual Price | |
| BEC Member: | $375 |
| Non-Member: | $495 |
| Organization Price | |
| BEC Member: | $2,500 per day ** |
| Non-Member: | $3,500 per day ** |
| ** Responsible for facilitator's expenses, including travel, lodging and food. | |
| Books & Materials | |
| Manual | $20.00 |
Are these some of the questions that you are asked?
Q: My company has placed an order with an overseas vendor. The shipment has arrived at port in the United States. What happens now?
A: Your company "makes entry" by declaring the shipment to US Customs and Border Protection (CBP).
Q: But doesn’t our Customs Broker do all of this for us?
A: It is true that importers commonly use the services of a professional called a Customhouse Broker to handle the importing formalities with CBP. Despite this, Customs regulations hold the importer accountable for the accuracy of the data and duties tendered. While Brokers strive to be accurate they must rely on information they receive from the importer. Importers must exercise a heightened degree of due diligence known as “reasonable care” to ensure that the entry information shared with CBP is accurate.
This one-day course provides with you with the fundamentals of importing and details the process of clearing cargo through U.S. Customs and into the U.S. It focuses on basic international business skills and how they relate to Customs' entry process. In addition to focusing on the import fundamentals, the full-day session will highlight minimizing import duties and fees.
What will be covered:
- Overview of the US import regulatory environment
- In-depth conversation regarding the fundamental import disciplines of:
- Valuation
- HTS Classification
- Country of Origin
- Down Payment
- Recordkeeping
- Detailed review of auditing a Customs entry
- Overview of new regulations facing importers including:
- Lacey Act Amendments
- 10+2
- Consumer Product Safety Improvement Act
- Introduction to Customs security measures
- Review of Customs enforcement processes
Who should attend?
- Individuals new to the US importing process
- Trade compliance professionals will also find it a good opportunity to review the basics, as well as gain additional insights into managing a commercial import program.
- Strategic business and functional leaders may find this course provides perspective regarding the value of a critical, yet often overlooked, international business skill set.
Upon completion, you will:
- Understand how to establish and screen transaction value
- Have a basic understanding of the process for assigning HTS codes
- Understand the importance of establishing country of origin
- Understand how duties are established
- Have a basic understanding of duty exemptions
- Understand recordkeeping requirements
- Have a model for auditing individual customs entries
About the instructor
John D. Goodrich is an International Trade Consultant and Licensed Customhouse Broker with twenty-five years of experience in international trade. He is an engaging trainer, speaker, and writer on a variety of international logistics and compliance subjects including:
- NAFTA
- US Import Regulation
- US Export Regulation
- Harmonized Tariff Classification
- Letters of Credit
- International Logistics
- INCOTERMS 2000
Mr. Goodrich has written six books incorporating these subjects. He is also a frequent contributor to online newsgroups.