Importing Procedures Course Agenda

I. THE IMPORT REGULATORY ENVIRONMENT

• Customs & Border Protection
• Prohibitions, Restrictions Other Regulatory Agencies
• The Customs Modernization Act
• Reasonable Care
• Value, Classification, Country of Origin, Duty, Record Keeping

II. VALUATION

• Determining Value
• Alternative Valuation Methods
• Related Party Transactions
• Currency Conversion
• International Freight Deductions
• Buying and Selling Commissions
• First Sale for Export Principle
• Customs Valuation Encyclopedia
• The 4-Way Valuation Audit
• Regulations

III. COUNTRY OF ORIGIN AND MARKING

• Country of Origin Regulations, Determination, Marking, and Exportation

IV. OVERVIEW OF THE HARMONIZED TARIFF SCHEDULE OF THE U.S.

V. DUTY DETERMINATION

• Free Trade Agreements and Duty Preference Programs
• Other Duties, Duty Exemptions, and Fees

VI. ENTRY

• Import and Entry Process Flow
• Preparing to Make Entry
• Consumption Entry — Detailed review of the entry form 3461 and the entry summary form 7501
• Post Entry Amendment
• Special Entry Types
• Foreign Trade Zones
• Liquidation

VII. RECORD KEEPING

• Auditing & Maintaining Records The (a)(1)(A) List, ITRAC, ACE

VIII. OTHER IMPORT CONSIDERATIONS

• Priority Trade Issues, Quota, Samples, Wood Packaging, Forced Labor

IX. CUSTOMS ENFORCEMENT AND SECURITY

• • Penalty Process, Monetary Penalties, Seizure & Forfeiture
  • Importer Audits
  • Port Security, Importer Security Filing (ISF), CTPAT