Global Certificate in Duty Calculation Best Practices
-- ViewingNowThe Global Certificate in Duty Calculation Best Practices course is a comprehensive program designed to enhance learners' understanding of duty calculation practices in international trade. This course highlights the importance of accurate duty calculation to ensure regulatory compliance, minimize costs, and improve supply chain efficiency.
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⢠Introduction to Duty Calculation: Understanding the basics of duty calculation and its importance in international trade. ⢠Classification of Goods: Identifying and classifying goods based on the Harmonized System (HS) codes. ⢠Valuation Methods: Exploring the different methods used to determine the customs value of goods. ⢠Duty Calculation Formulas: Learning the formulas used to calculate duties and taxes. ⢠Free Trade Agreements: Understanding the impact of free trade agreements on duty calculation. ⢠Preference Programs: Identifying and utilizing preference programs to reduce or eliminate duties. ⢠Country of Origin Rules: Understanding the rules for determining the country of origin of goods. ⢠Record Keeping: Maintaining accurate records for duty calculation and audit purposes. ⢠Penalties and Audits: Learning about the penalties for non-compliance and the audit process.
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