This introduction course is aimed at those involved in the importing of goods.
The course will cover import documentation and procedures, commercial considerations, the importance of your purchase order, calculating VAT and duty, and how to reduce import customs clearance delays. Incoterms® and their impact on importing will be shown, along with an introduction to duty regimes to help importers.
Course Contents:
Import documentation and procedures
Calculating VAT and duty
Incoterms®
Customs regimes and import controls
Changes coming in January 2021
Sources of help and advice
Who should attend?
This introduction course is suitable for administrators, managers, directors, and owners of businesses who need to purchase from overseas.
The course is valuable for both newcomers wanting an introduction and overview, and experienced staff needing a refresher on current requirements. It will also be valuable for companies who are already importing so they can ensure they have the correct processes in place and are meeting their compliance obligations.
The misuse of these terms can lead to delays, penalties, problems with payment and more. This half day seminar will explain Incoterms® and their importance in international trade contracts.
The course will cover special procedures and the benefits of using IP and OP in your compliance.
Understanding commodity codes is vital to internationally trading businesses. Commodity codes are used worldwide to determine the customs duty and other charges levied on the goods when importing and exporting.
This course will explain all aspects of the rules of origin and trade agreements and how to understand and comply with them to help companies be more competitive in export markets.
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