Importing 201

Advanced Import Compliance

Course Description

Advanced Import Compliance Training – Import 201.

Your firm experiences errors and delays at the border even though import compliance has become a core competency and integrated into your firm’s procedures and policies.

Alternatively, your company has divisions who each have their own EIN and import a range of products. You want to prepare your firm and its divisions for the possibility of receiving either a U.S. Customs and Border Protection’s (Customs) letter of inquiry or an audit request.

How do you begin a statistically relevant import compliance audit for your company effectively and  with a limited budget? How do you respond to Customs’ inquiries? Would your company’s procedures and policies withstand Customs scrutiny? Is there evidence of reasonable care?

All of these questions and more will be addressed in our import compliance course to ensure you and your firm are prepared. You will receive a comprehensive text, which is regularly updated. It incorporates samples of import procedures and policies.

If you are unfamiliar with reasonable care or the Import Regulations (CFR 19), we recommend that you take our Importing Procedures course prior to taking this import compliance training course.. See Schedule ->

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This is an advanced import class, we recommend taking our Importing Procedures course prior to taking the Importing 201 course.

Course: Importing Procedures

Import Procedures and Documentation Course that will teach key procedures and regulatory obligations. Too often importers expect their brokers to do all of the work when it comes to the importing process. Unfortunately, the broker is NOT a tax advisor.

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What you will learn

  • Discuss accessing your import data through Customs’ portal: ACE (Automated Commercial Environment)
  • Review important components of import procedures and policies
  • Discuss development of an Import Policy and Procedures manual
  • Identify the role of your customs broker in your compliance program
  • Obtain information on Customs’ enforcement and audits
    • Best practices to adopt in response to Customs’ inquiries
    • Learn what triggers a Customs’ audit
  • Receive details about Penalties:
    • Hierarchy of monetary penalties assessed under CFR 19
    • Individual vs. company

Import Compliance Course Will Benefit

Importers’ and Customs Brokers’ representatives who are in Auditing, Purchasing, Logistics, Legal or anyone with responsibility for import compliance.

Importing 201 Agenda

8:30 a.m. to 4 p.m. – Seminar
8:30 a.m. to 4 p.m. (Central Time) – Webinar
Reference book U.S. Import Audit Preparation
  1. THE LEGAL REQUIREMENT FOR COMPLIANCE
    1. Informed Compliance
    2. Shared Responsibility
    3. Reasonable Care
  2. THE TYPES OF CBP AUDITS AND ENFORCEMENT
    1. Transactional enforcement from the ports and CEEs
    2. Regulatory Audit
      1. Referral audits
      2. Supply chain security reviews
      3. Audit questionnaires
      4. Focused Assessment
      5. Other techniques (e.g. 2016-2017 threatening informed compliance letters.)
    3. NEW!!! AD/CVD evasion investigations
    4. Customs Enforcement
  3. RESPONDING TO CBP AUDIT INQUIRIES WITH A FOCUS ON THE FA
    1. Are you under investigation?
    2. Building your audit compliance team
    3. Responding to questionnaires
    4. Understanding the audit process and techniques
  4. LONG BEFORE THE AUDIT: PREPARING YOUR COMPANY FOR REGULATORY ENFORCEMENT.
    PRACTICAL TECHNIQUES AND SOLUTIONS

    1. The five elements of internal control
      1. Control environment
      2. Risk Assessment
      3. Control Activities
      4. Information and communication
      5. Monitoring
    2. Applying the elements of internal control to your business
      1. Internal organization
      2. Policies and procedures
      3. Record keeping techniques
      4. Managing the tactical – Value, HTS, C/O, duty. (A review of basic importing)
      5. Training
      6. Controlling business partners – vendors, forwarders, brokers, carriers
      7. Building an internal compliance team
      8. Building an external compliance team – Brokers, Consultants, Attorneys,Trade Organizations
      9. Measuring your success
  5. TRUSTED TRADER/ISA
  6. POLICY AND PROCEDURE MANUAL

$595.00
Per Person

Small Class Size
6.5 Hrs Teaching
Printed Book Included
Certificate of Completion
Digital Badge
Earn Education Credits

Full-Day Class

Seminar Time: 8:30am – 4pm Local Time
Webinar Time: 8:30am – 4pm CT
Two 15min breaks (am/pm), 1hr lunch

Schedule:

(click date details)

LocationDate
WebinarAug 11th
WebinarSep 14th
WebinarOct 14th
WebinarNov 9th
Chicago, ILNov 12th
WebinarDec 2nd

U.S. Import Audit Preparation
Author:
John D Goodrich

Book included with registration!
Can’t attend? Click here to purchase book

Certificate Issued Upon Completion

Related Article


The Importance of Import Audits in Customs Compliance and How You Can Prepare for Them

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