3 Pillars of Import Compliance (BUNDLE)

Description

This flexible learning bundle includes trainings that elaborate on the 3 pillars of import compliance: Classification, Country of Origin, and Valuation. These are fundamental because they ensure accurate, legal, and efficient import processes that comply with customs regulations and trade laws. Understanding these pillars helps companies avoid costly penalties, delays, and legal issues while optimizing duty costs and maintaining smooth international trade operations.

1. Classification: This involves determining the correct tariff classification code (usually an HS code) for imported goods. Accurate classification is critical because it directly affects the duties and taxes applied, eligibility for trade agreements, and compliance with customs regulations.
2. Country of Origin: Correctly establishing the country of origin is vital because it impacts eligibility for preferential tariffs under free trade agreements, anti-dumping duties, and marking requirements.
3. Valuation: This pillar focuses on determining the accurate customs value of imported goods, which is essential for calculating the correct duties. Valuation includes not only the price paid for the goods but also related costs like transportation, insurance, and commissions up to the border crossing.

Together, these pillars create a solid foundation for import compliance by ensuring imports are correctly classified, valued, and traced to their origin, helping companies efficiently manage customs duties, meet regulatory requirements, and reduce risks associated with international trade. Bundling these as OnDemand trainings will provide a comprehensive yet flexible learning path for professionals to grasp critical import compliance concepts and apply them confidently in their roles.

Note: All 3 Trainings are available to you for 90 Days. You can complete these anywhere and anytime.