Navigating The US Customs Regulations - Title 19 Code of Federal Regulations
Having a solid understanding of applicable regulations is not only legally required, but it can also offer your company tactical and strategic advantages. Preventing fines, penalties, and potential loss of import privileges will keep your business running smoothly, efficiently, and at the lowest cost of operation. Knowing, understanding, and applying the subtle areas of trade compliance and global trade management (“GTM”) may provide you with competitive advantages over those trying to out-source or, worse, ignore, these regulations. All countries regulate the movement of goods across their borders. To meet various domestic and global trade policy objectives, a multitude of trade regulations and agreements are in place. Knowing the law and regulations that affect your operations is business-critical to avoid supply chain disruptions and possible fines, penalties, and even the suspension of your import privileges! Areas CoveredA brief history of global and US customs frameworkUS Customs Modernization Act (“Mod Act”) and “reasonable care” Title 19 of the Code of Federal Regulations (“CFR”), “Customs Duty” o §10 – Articles Conditionally Freeo §24 – Customs Financial & Accounting Procedure…o §102 – Rules of Origino §134 – Country of Origin Markingo §152 – Classification and Appraisement of Merchandiseo §163 – Record Keepingo §181 – NAFTA (briefly)Course Level - Intermediate: Assumes a basic understanding of various trade concepts, including but not limited to classification, valuation, and country of origin. Legal terms of art that might be confusing are explained but general knowledge is presumed. Who Should AttendCustoms ComplianceLogisticsSupply ChainLegalFinanceSales…Why Should You Attend “Ignorance is no excuse”. All US Imports are legally responsible and liable for knowing, understanding, and properly applying all applicable laws and regulations under the US Customs Modernization Act (the “Mod Act”) under the “reasonable care” legal standard. This session will help you identify those sections and areas of the potentially-daunting Code of Federal Regulations (“CFR”) Title 19 that applies to all US Imports. Further, if there are areas that are not highlighted, you will have the opportunity to ask your specific questions of our expert presenter.
Having a solid understanding of applicable regulations is not only legally required, but it can also offer your company tactical and strategic advantages. Preventing fines, penalties, and potential loss of import privileges will keep your business running smoothly, efficiently, and at the lowest cost of operation.
Knowing, understanding, and applying the subtle areas of trade compliance and global trade management (“GTM”) may provide you with competitive advantages over those trying to out-source or, worse, ignore, these regulations.
All countries regulate the movement of goods across their borders. To meet various domestic and global trade policy objectives, a multitude of trade regulations and agreements are in place. Knowing the law and regulations that affect your operations is business-critical to avoid supply chain disruptions and possible fines, penalties, and even the suspension of your import privileges!
Areas Covered
- A brief history of global and US customs framework
- US Customs Modernization Act (“Mod Act”) and “reasonable care”
- Title 19 of the Code of Federal Regulations (“CFR”), “Customs Duty”
o §10 – Articles Conditionally Free
o §24 – Customs Financial & Accounting Procedure…
o §102 – Rules of Origin
o §134 – Country of Origin Marking
o §152 – Classification and Appraisement of Merchandise
o §163 – Record Keeping
o §181 – NAFTA (briefly)
Course Level - Intermediate: Assumes a basic understanding of various trade concepts, including but not limited to classification, valuation, and country of origin. Legal terms of art that might be confusing are explained but general knowledge is presumed.
Who Should Attend
- Customs Compliance
- Logistics
- Supply Chain
- Legal
- Finance
- Sales…
Why Should You Attend
“Ignorance is no excuse”. All US Imports are legally responsible and liable for knowing, understanding, and properly applying all applicable laws and regulations under the US Customs Modernization Act (the “Mod Act”) under the “reasonable care” legal standard.
This session will help you identify those sections and areas of the potentially-daunting Code of Federal Regulations (“CFR”) Title 19 that applies to all US Imports. Further, if there are areas that are not highlighted, you will have the opportunity to ask your specific questions of our expert presenter.
