Customs Warehousing / Free Zones / Special Procedures

Module 13

This module provides an in-depth understanding of customs warehousing and the use of free zones and special procedures in the export and import of goods. It explores duty deferral, bonded stock management, and the processing of merchandise to optimize trade efficiency. Learners will also gain insights into specific use procedures, temporary storage, and transit systems, enabling them to manage international trade operations with a focus on compliance and cost savings.

Module Objectives:

• Understand the functions and benefits of customs warehousing in international trade.
• Learn how duty deferral and suspension mechanisms work to improve cash flow.
• Gain knowledge of special procedures, including inward and outward processing, temporary admission, and end-use.
• Explore the role of free zones in facilitating international trade.
• Develop practical skills for managing bonded stock, consolidation, and deconsolidation.
• Understand the regulatory and operational requirements for internal and external transit.

Agenda:

1. Duty Deferral – Delaying payment of customs duties to improve cash flow.
2. Use of Temporary Storage – Managing goods prior to customs clearance.
3. Warehousing – Overview of customs and bonded warehousing operations.
4. AEO (Authorised Economic Operator) Status – Benefits and requirements.
5. Consolidation and Deconsolidation – Combining and separating shipments for efficiency.
6. Bonded Warehouses – Storing goods under customs control.
7. Special Processes and Services – Value-added services in warehousing operations.
8. Duty Suspension – Mechanisms for deferring or reducing duties on eligible goods.
9. Free Zones – Understanding their role in facilitating global trade.
10. Inward Processing – Importing goods for processing without immediate duty payment.
11. Outward Processing – Exporting goods for processing and re-importing them.
12. Temporary Admission – Importing goods for temporary use without full duties.
13. End Use – Duty reductions based on the specific use of imported goods.
14. Transit Systems:

• External Transit – Moving goods under customs control between countries.
• Internal Transit – Transporting goods within a customs territory under suspension.

Assessment:

• Examination Format:
• Multiple-choice questionnaire.
• 1000-word assessment to apply knowledge of customs warehousing and special procedures.
• Credits Awarded: 1 Credit.
• Certificate: Issued upon successful completion and passing of the examination and assessment.