Import Customs Clearance Procedures
Details
Whether you complete returns or rely on your forwarding agents to complete returns, the Principal Company is the party liable (except in certain defined circumstances). To avoid the risk of infringements of the EU Customs Code, proper monitoring of returns has now become essential. This course is a must for those operational and supervisory personnel needing to become familiar with Clearance returns requirements.
Objectives- To provide the Importing or Logistics company with a clear understanding of the Customs Clearance Process. Companies will be guided in devising practical procedures and assessment processes to avoid infringements of the Customs Regulations.
- To be aware of Irish Revenue’s major concerns regarding data quality on Customs declarations.
- To understand the new penalties introduced by the Finance Act 2011, where declarants who make incorrect returns may be liable to penalties.
A detailed review of your customs and trade issues will take place with a pre-course questionnaire review followed by ongoing support for the week following the course.
Course Content- General Overview including Brexit Developments
- Classification
- INCOTERMS 2010 in relation to SAD Boxes
- Customs Valuation – G563\DV1 form
- Preferential Origin – EUR, GSP, ATR
- VAT (value added tax)
- Calculating & Payment of Import Duty & Taxes
- Customs Procedures Codes
- SAD, AEP & Associated Documents – T1/T2/T2L
- Union Customs Code
- SAD Review – Box by Box
- Review & Questions
Outline
• Information sources
• Incoterms 2010 developments
• Banking Payment methods versus Open account terms
International Payment Criteria International Payment Criteria
• Clean Collections / Bills of Exchange
• Documentary Collections
• Documentary Letters of Credit
• Types of documentary credits
• Advantages and disadvantages of International Bank Payment Methods
• Terms and Conditions under L/C’s
• L/C applications to Banks
• Parties to the contract
• Assisting buyer to open the L/C
Letters of Credit (L/C’s) Letters of Credit (L/C’s)
• Understanding the Process
• Keywords in documentary credits
• Parties to the contract
• Key Management Responsibilities
• Role of Finance and Credit
• Application, Issuance, Shipments,
• Planning and Organising the process
• Improving LC processing effectiveness
• Exchange Risk
• Forward Exchange Contracts
• Transport Documents
• Commercial Documents
• Documentary exercises
Schedules
| No. of Days: | 1 |
| No. of Participants: | 10 |
Export Edge Training and Business College were awarded Quality and Qualifications Ireland (QQI) Accreditation in 2008. All our QQI programmes are designed to meet the standards set out by QQI in the relevant module description, which also include latest strategic industry sector developments.
Please contact us if you require further information in relation to our accredited programmes @ 01 676 6894
Export Edge Training are experienced specialists that provide industry with training and consultancy solutions, (including accredited Professional Diploma and Certificate courses), within international trade, credit management payment methods, exporting, logistics, trade finance and trade compliance areas. Having supported in the region of a thousand companies since 1993, we focus on effective principles and practical rules / guidelines to provide international trade solutions.
Export Edge initiated the development of eLearning projects, covering the design and development of web based Documentary Letter of Credit (DC-PRO) training for international banking and export trade, which are currently licensed to over ten thousand users within international banks and trading companies worldwide. Our development partners in DC-PRO are the International Chamber of Commerce, Paris Head Office, Deutsche Bank, London and Coastline Solutions. ...
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