Import Customs Compliance and Savings Training
Event details
Virtual
Zoom
Past dates
- Wed Nov 11th 2020 | 9:30 am till 4:30 pm
Whether you import components for manufacture, or you purchase finished products to onward sell, or offer a repair / upgrade service, join us to understand the rules and intricacies of goods crossing borders. We’ll cover when Import Duties and Taxes are applicable and look at ways to reduce or even abolish these charges. Together we’ll view the Tariff and comprehend how vital it is to accurately classify your goods.  Learn about Customs Procedure Codes, and the rules of valuation. Completing Customs Declarations for imports can be a challenge, we will help you understand what information is needed to be able to complete a Customs Declaration – whether you are considering doing this yourself – or using a Customs Intermediary / Freight Agent / Customs Broker. Understand how to read your Import Entries to ensure you will pass Customs Compliance Audits. We’ll consider different Customs Regimes, taking a brief look at IP (Inward Processing), OP (Outward Processing) and RGR (Returned Goods Relief), End Use, Customs Warehousing, ATA Carnets etc. Discover about AEO (Authorised Economic Operator) and how becoming an AEO can provide benefits to your business. Be aware of the new customs computer; Customs Declaration Service (CDS). We shall discuss the end of UK Transition period and how that may impact on your international trade.
Benefits for your organisation:
- This comprehensive course provides a clear explanation of Import Practices and Terminology as they relate to the UK Company in the role of Buyer.
- We can also discuss the more complex scenarios, where there is more parties in the chain, where goods may be moving from or to locations other than that of the Seller and Buyer.
- Consider how the end of UK Transition period and CDS will affect your current procedures and practices.