Import & Export, Customs Awareness
Pentagon were able to help one of our customers by providing comprehensive training, establishing key export/import procedures to ensure compliance, saving the customer in excess of $100k.
Description
Our Import and Export Customs Awareness Courses are run over two consecutive days.
Day 1, Imports 9am - 4pm
Day 2, Exports 9am - 1pm approx.
- HM Revenue & Customs – Who are they?
We define which officers perform “Assurance Audits” . What to expect at an event and how am I selected for an Audit.
- Import Awareness and Customs Documentation
What is an Import, which paperwork is required, how do I interpret this paperwork and what information do I have to pass to my Freight Forwarder to have my goods “Custom Cleared”
- Overview of Incoterms
What are they, why do we require them, how do they impact on my Customs documentation and how do Incoterms effect my Company profit.
- Commodity Codes
What are they, why are they important, how do I find them. What is the impact if I use the incorrect code.
- Customs Procedures Codes
What are they used for, which ones are applicable to my business, where do I find these?
- Nature of Transaction
What is this and where can I find the statements?
- Import Valuation Methods/ Indicators
What are these and how can I determine the correct method for my shipment.
- Compliance Checks and their importance
Customs CDS entries explained,, what am I supposed to do with these, how long do I have to retain these. What are the penalties if I fail at an audit.
- Navigation of CDS Financial Dashboard
How to access and overview of CDS Financial Dashboard.
The Export course content is as follows:
- HM Revenue & Customs – Who are they?
We define which officers perform “Assurance Audits” . What to expect at an event and how am I selected for an Audit.
- Exports Awareness and Customs Documentation
What is an Export, Which documents are required, what information is required on my paperwork.
- Free Trade Agreements
What is a Free Trade Agreement and how do they effect my Export.
- Export License Overview
What is an Export License and why do some items require them?
- Overview of Incoterms
What are they, why do we require them, how do they impact on my Customs documentation and how do Incoterms effect my Company profit.
- Customs Procedures Codes
What are they used for, which ones are applicable to my business, where do I find these?
- Compliance Checks and their importance
Customs entries explained, what do the boxes mean, which boxes do I check, what am I supposed to do with these, how long do I have to retain these. What are the penalties if I fail at an audit.