Import/Export: Essential guide to customs procedures

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Course Overview

Many companies are unaware of the opportunities to minimise their import duty payments by taking advantage of various customs procedures. This one-day seminar indicates the Customs facilities available to importers and exporters. Particular emphasis is given to the tariff origin rules and IPR/OPR. The seminar is aimed at importers and exporters looking to improve the profitability of their international trade activities. A basic knowledge of international trade procedures is presupposed.

Audience

• Import/export directors and managers
• Operations/logistics directors and managers
• Shipping/purchasing managers
• Customer service staff
• Logistics staff

Skills Gained

This programme will help you:

• 1. Understand international traders' obligations to HM Revenue & Customs
• 2. Identify which Customs' regimes should be used for any given situation
• 3. Develop a strategy for minimising import duty payments wherever possible
• 4. Determine what import duty savings will be in advance of the arrival
• 5. Succeed in increasing profitability

Above all this seminar will help you to minimise import duty payments for competitive advantage

Course Outline

1. The role of HM Revenue & Customs

• Discussion on the place of HM Revenue & Customs in international trade, both in global terms and within the UK government structure

2. Duty revenue collection

• The harmonised system
• Reading and understanding the tariff
• Commodity coding
• Binding tariff information
• Customs procedure codes
• Reporting freight movements to customs
• 'Closing the loop' on temporary freight movements where duty is not paid at import entry
• Valuation declarations and duty valuation build-ups
• Reading and understanding customs entry documentation

3. Minimising duty payments

• European Union preferences
• EU trade agreements with other countries
• Rules of origin and how to apply them
• Preference documentation - EUR 1/ATR/GSP
• Declarations
• Understanding preferences in the tariff
• Duty relief regimes
• Inward Processing Relief (IPR)
• Types of IPR
• Authorisations
• Documentation and recordkeeping
• Reporting to customs
• Outward Processing Relief (OPR)
• Types of OPR
• Authorisations
• Documentation and recordkeeping
• Reporting to customs
• Customs warehousing (in brief)
• Advantages/disadvantages
• Procedures and documentation
• End-use/free zones (in brief)
• Quotas/ceilings/tariff suspensions (in brief)
• ATA carnet
• Circumstances for using a carnet
• Fees and security
• Documentation and procedures
• Returned goods relief (RGR)
• RGR situations
• Documentation and procedures

4. Prohibitions and restrictions

• Export licensing
• Compliance
• Types of licence
• Documentation
• Import licensing
• Licensing situations
• Types of licence
• Documentation

5. Transit documentation

• Understanding community transit
• Identifying the 'status' of goods
• C88 Single Administrative Document (SAD)
• Community Transit (NCTS)

6. Statistics

• Traders' obligations regarding statistics collections
• Collection outside the European Union
• Collection within the European Union
• VAT/EC Sales List
• Intrastat

7. Update in legislation

• Period entry/Customs Freight Simplified Procedure (CFSP)

Import/Export: Essential guide to customs procedures / IE-EGC