Import Boot Camp – September 13-17
The Import Boot Camp consists of five individual Global Trade Academy import courses scheduled on five consecutive days.
Understanding constantly evolving U.S. customs regulations and their complex requirements is a challenging task.
Whether you are looking for a refresher course or are new to the industry and want to get up to speed fast, our hands on 5-day Import Boot Camp will provide you with a solid understanding of U.S. Customs regulations, requirements and best practices needed to tackle a multitude of trade compliance issues with authority.
While there is a cost benefit in purchasing the 5-day boot camp, we provide the option to enroll in individual days. For complete course descriptions and individual day purchases see:
Day 1 – Import Compliance
This one-day session provides an excellent overview of the complete import transaction, from the time a product is ordered and purchased until received, following customs clearance.
Understanding the entire import transaction will earn attendees an excellent understanding of the roles and responsibilities of the importer, customs broker, freight forwarder and Customs and Border Protection (CBP).
Emphasis will be on the import responsibilities of each department, from product development, purchasing, receiving, warehousing, and finance, at a minimum. In addition, participants will learn how to create and maintain an import compliance program and implement mandatory internal controls.
What you will learn
After completing day one, you will be able to:
- Describe the regulatory and compliance responsibilities of the importer, customs broker, freight forwarder, supplier and Customs and Border Protection (CBP).
- Identify all the steps in the import process from the time of the purchase order placed, through to customs clearance and receipt into the warehouse.
- Confirm what information is required on a commercial invoice.
- Identify the regulations for special invoice requirements on certain imported products.
- Document all records required by CBP in support of an import declaration and the timeframes for maintaining them too.
- Define the importer’s responsibility for ensuring reasonable care standards, and how that is defined by CBP.
- Describe what actions may result in a CBP fine or penalty for non-compliance.
- Confirm how forced labor laws have changed and their impact on importers.
- Discuss the importance of government to industry programs including the Trusted Trader program, that links cargo security to import compliance.
Day 2 – Tariff Classification for Importers and Exporters
This one day session provides an excellent overview of the General Rules of Interpretation (GRI), and the outline and structure of the Harmonized Tariff Schedule (HTS) book. Participants will learn how to apply the rules for choosing an import or export code, and their impact on rates of duty and trade agreements.
This is an excellent session for those new to classification, as well as for individuals who have some experience but require a greater in-depth understanding of how to apply the rules.
What you will learn
After completing day two, you will be able to:
- Discuss the General Rules of Interpretation (GRIs).
- Develop a reasonable care process to classify.
- Apply the GRIs when classifying product.
- Differentiate between different GRIs and when one GRI is more specific than another.
- Identify the rate of duty applicable to products, and the reporting requirement for the unit of measure.
- Read and discuss the Customs rulings, and when to document them as part of a reasonable care process.
- Provide guidance to suppliers on what information is needed on the commercial invoice to classify product being purchased from them.
Day 3 – Qualifying Product for the USMCA
This one day session will review the United States-Mexico-Canada Agreement (USMCA) rules of origin in detail, outlining a step-by-step approach to qualifying a product for this trade agreement. USMCA rules for tariff shift and regional value content are the basis of other trade agreements, and the parallels will also be reviewed. This session provides attendees with an in-depth understanding of USMCA fundamentals and how to document the qualification process to reduce risk with Customs inquiries.
“Country of Origin and Criteria Review for NAFTA certification forms were very informative.”
– Ifran Arif, Robert Bosch
“Rules of Origin and preference criteria explanations were excellent.”
– D. McCann, International Paper Company
What you will learn
After completing day three, you will be able to:
- Discuss the USMCA rules of origin.
- Quality product under the USMCA rules as well as similar Free Trade Agreements (FTAs).
- Create a documentation trail in support of a USMCA declaration.
- Respond to Customs inquiries requesting proof of FTA qualification.
- Outline a recordkeeping policy reflective of Customs requirements for maintaining documents and how they differ in the USA, Canada and Mexico.
- Identify when to seek a USMCA refund when the declaration is made after importation.
- Discuss some of the caveats for qualifying product under de minimis and similar strategies.
Day 4 – Country and Rules of Origin
When two or more products are blended or formed, what is the country of origin? What is substantial transformation, when does it occur, and how can a corporation support their decision before a Customs and Border Protection (CBP) review?
This one day session provides an in-depth review of country and rules of origin determination and proper marking.
What you will learn
After completing day four, you will be able to:
- Define country of origin vs. marking requirements.
- Confirm the requirements for using substantial transformation and tariff shift concepts.
- Understand the risk associated with marking under “Made in the USA” or similar language.
- Discuss the types of acceptable marking and special marking requirements under Customs regulations.
- Describe what is minor processing, and when certain activities do not change country of origin.
- Identify recordkeeping requirements and your obligations for maintaining origin determination records for customs purposes.
- Discuss the penalties associated with marking violations.
- Describe the steps to take to create a reasonable care process over origin determination at your firm.
- Define best practices for documenting your country-of-origin decisions.
Day 5 – Customs Valuation
This in-depth one day session provides an excellent overview of the Customs levels of appraisement necessary to properly declare product valuation at the time of importation. The World Customs Organization (WCO) provides six different valuation methods, beginning with transaction value.
This session will thoroughly define all practices of appraisement, the order in which they must be used and how to support your valuation methodology. Attend this course to learn about additions and deductions from valuation, how certain deductions may or may not be allowed in different countries, as well as how to properly value transactions between related parties.
Participants will also learn how to engage multiple departments to provide key information to determine and report the proper value of your company’s shipments. In addition, they will understand the consequences of improper valuation and how it can trigger Customs audits and result in hefty penalties.
What you will learn
After completing day five, you will be able to:
- Discuss the international methods of appraisement and how to properly apply them.
- Describe when deductions for freight and insurance are allowable, in the USA and in other countries.
- Value samples, and other shipment types valuations for articles already depreciated.
- Identify the documents necessary to support a legal freight or insurance deduction.
- What are additions to transaction value are and how to identify them within your company.
- Explain how Incoterms can impact your Customs valuation declaration.
- Discuss the best practices for initiating and maintaining a strong valuation program within your company.
- Identify the penalties associated with incorrect valuation declarations and how to correct them post entry, to limit liability.
Who should attend
This course is intended for:
- Import and export trade compliance teams
- Import directors and empowered officials
- Customs brokers
- Freight forwarders
- International contracting specialists
- Purchasing personnel
- Logistics and supply chain personnel
- Legal and financial teams