Description
Learn how to manage the import processes and understand what Customs expects of importers.Importers are required to provide accurate declarations to Customs when importing merchandise into the United States. Despite the potential extreme difficulty in fulfilling this burden given the nature of the international transportation of merchandise, importers may be subject to significant civil penalties for failing to meet this burden. This course will help the persons responsible for managing import processes to understand what Customs expects of importers when importing merchandise, identify when a significant issue has arisen, and manage the Prior Disclosure process with Customs to avoid or mitigate Customs penalties.
Date: 2022-02-23 Start Time: End Time:
Learning Objectives
The Importers Burden
• Accuracy in Declarations
• § 1592 Penalties
• Reasonable Care, a Sword, and a Shield
Prior Disclosures and Avoiding § 1592 Penalties
• What Is a Prior Disclosure?
• Financial Impact of a Prior Disclosure
• Validity of a Prior Disclosure
Prior Disclosure Scope
• Potential Material Misstatements or Omissions
• Timing Concerns
• Formal Investigations
• Reasonable Care and Liquidated Entries
Defensive Prior Disclosures
• Responses to CBP Form 28 (Request for Information)
• CBP Form 29 (Notice of Action)
• CBP Audits
Best Practices for Filing a Prior Disclosure
• Statute of Limitations Waiver Concerns
• Calculation of Lost Revenue
• Use of Sampling and Other Methodologies
APICS ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ISM ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Ryan W. Thornton-Ryan W. Thornton, Customs Attorney
