Advanced Certificate in Duty Calculation for Importers
-- ViewingNowThe Advanced Certificate in Duty Calculation for Importers is a comprehensive course designed for professionals involved in international trade. This program emphasizes the importance of accurate duty calculation, a critical aspect of import operations that can significantly impact a company's bottom line.
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⢠Introduction to Duty Calculation for Importers: Understanding the basics of duty calculation, including the importance of accurate duty calculation and the different types of duties. ⢠Harmonized System (HS) Codes: Learning about HS codes, how they are used in duty calculation, and the importance of correctly classifying products with the appropriate HS code. ⢠Valuation Methods for Duty Calculation: Exploring the different methods used to value imported goods for duty calculation purposes, including transaction value, computed value, and fallback methods. ⢠Duty and Tax Rates: Understanding the different duty and tax rates that may apply to imported goods, including ad valorem rates, specific rates, and compound rates. ⢠Free Trade Agreements (FTAs): Learning about FTAs, how they can affect duty calculation, and how to determine whether an imported product qualifies for FTA benefits. ⢠Duty Relief Programs: Exploring duty relief programs, such as the First Sale for Export program, and how they can help importers reduce their duty costs. ⢠Recordkeeping and Compliance: Understanding the importance of maintaining accurate records for duty calculation purposes and ensuring compliance with all relevant regulations and laws. ⢠Advanced Duty Calculation Techniques: Learning about more advanced duty calculation techniques, such as using tolerances, applying duty rate adjustments, and calculating duties on split shipments.
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