Description
Make sure your purchasing policies are up to date and in compliance with the everchanging rules of importing and exporting.Why is regulatory compliance important? It mitigates the legal (regulatory) risks associated with importing and exporting. This course will provide an introduction and overview of basic regulatory requirements that all importers and exporters must know to mitigate the risks of shipment seizures, unexpected duty increases, and penalties. For importers, we will review tariff classification, customs value, country of origin, free trade agreements, documents required to file a customs entry, recordkeeping, penalties, and other administrative actions. For exporters, we will review product jurisdiction, classification under the Export Administration Regulations (EAR), the EAR’s general prohibitions, screening parties to the transaction, export clearance and the Automated Export System (AES), recordkeeping, and what to do in the event of an export violation. This material will also review best compliance practices for importers and exporters. This course will introduce importers and exporters to the issues that must be included in any import or export internal compliance program.
Date: 2022-04-21 Start Time: End Time:
Learning Objectives
Why Is Regulatory Compliance Important?
• Legal Responsibilities of Importers and Exporters
• Compliance Is Risk Mitigation
Compliance Issues for Importers
• Tariff Classification
• Customs Value
• Country of Origin
• Marking
• Free Trade Agreements, USMCA, CAFTA-DR, KORUS FTA, Etc.
• Ad Valorem Duties, Antidumping/Countervailing Duties, Section 301 Duties
• Documents Required for Customs Entry
• Recordkeeping
• Intellectual Property Rights (IPR)
• Penalties and Other Administrative Actions and Remedies
Compliance Issues for Exporters
• What Is an Export?
• Jurisdiction Over Export Product • BIS (DOC) or State Department
• Determining If Product Is Subject to the EAR (DOC)
• Classification of Export Product • CCL and ECCN
• EAR Country Chart and License Exceptions
• EARs General Prohibitions
• Screening Parties in Export Transaction
• Automated Export System (AES) Filing and Export Clearance
• Export Documentation
• Recordkeeping
• Export Violations
Risk Mitigation
• Know Your Legal Requirements
• Employee Training
• Internal Compliance Program (ICP)
• Compliance Reviews and Audits
AIPB ,APICS ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Lynne W. Wendt-Wendt & Temples, LLC
