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Ebook Mastering import amp; export management (2/E): Part 2

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Nội dung chi tiết: Ebook Mastering import amp; export management (2/E): Part 2

Ebook Mastering import amp; export management (2/E): Part 2

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2al economic downturn, many companies are looking lor creative ideas, thought processes, and directions to cut expenses and have a positive effect on t

he corporate bottom line. Companies who participate in international trade activities such as global sourcing and importing are no different. Importer Ebook Mastering import amp; export management (2/E): Part 2

s of foreign-sou reed merchandise face the same economic challenges that have affected the global economy. In an effort to complement company efforts

Ebook Mastering import amp; export management (2/E): Part 2

to cut expenses sourcing, purchase and acquisition expenses are closely reviewed to ensure that the best products are sourced for the most economic pr

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2s for raw materials, components, dies, molds, tools, engineering and design work and provide such items to the manufacturers of their foreign-sourced

materials at a reduced cost or free of charge. This creative sourcing practice controls the raw material expenses of the manufacturing cycle as well a Ebook Mastering import amp; export management (2/E): Part 2

s complements the quality of products from the point of production while protecting the expense of the importing entity's bottom line.This sourcing st

Ebook Mastering import amp; export management (2/E): Part 2

rategy is very common for the reasons outlined above as well as for others, such as limited sourcing options in the country of manufacture or producti

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2er, there lies a responsibility of the importer of record to ensure that Customs valuation regulator}- practices are implemented relating to the value

declaration of articles that were produced with the assistance of the materials provided to the seller from the buyer at no charge or reduced cost.Cu Ebook Mastering import amp; export management (2/E): Part 2

stoms valuation regulations are defined and clear—outlined in the Customs Federal Regulations Cl R Title 19 Part 152.102—that the cost of any material

Ebook Mastering import amp; export management (2/E): Part 2

s, dies molds, tools, engineering work, or design work undertaken outside the United States provided to the seller by the buyer in connection with the

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2that is often overlooked in the valuation computation of imported articles for various reasons.One common reason that this regulation is often overloo

ked—regardless of the236 Import Operationsa nee management—is the lack of connectivity in the information flow between different business units relate Ebook Mastering import amp; export management (2/E): Part 2

d to the sourcing and acquisition decisions for import companies. The disconnect, and lack of awareness that CBP defines the proper valuation concept

Ebook Mastering import amp; export management (2/E): Part 2

as all cost incurred in bringing the imported merchandise up to and on board a vessel, vehicle or aircraft in the port of exportation destined for the

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2g such dutiable values. It is Custom's position that the cost of these materials and the cost of transporting them to the seller to be used in manufac

ture and production are part of the transaction value. These values are categorized as "assist" values.The challenge to ensure that assists are identi Ebook Mastering import amp; export management (2/E): Part 2

fied is the first step towards a compliance practice to properly declare the value of imported articles. World class compliance practices include a co

Ebook Mastering import amp; export management (2/E): Part 2

mpany's ability to educate and inform the people in their organization involved in the import supply chain process of the regulatory concept of assist

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2ry process by including business units in the opportunity and effort of valuation identification and categorization of assist declaration eligibility.

Many companies utilize the outsourced efforts of customs consultants, brokers, and attorneys who specialize in customs law to affirm assist circumsta Ebook Mastering import amp; export management (2/E): Part 2

nces in cases where they are uncertain of specific computation inclusions and exemptions.The responsibility of proper valuation declaration is the def

Ebook Mastering import amp; export management (2/E): Part 2

ined responsibility of the importer of record. Assist valuation declarations are traditionally not disclosed because it is commonly not included on th

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2isition cost or purchase prices of materials provided to them free of charge or at a reduced cost. The lack of this information prevents such sellers

from indicating this cost on the commercial invoice. Even if they knew the acquisition costs or original purchase price of the materials provided to t Ebook Mastering import amp; export management (2/E): Part 2

hem in the production process, it is common for such sellers not to charge the buyer for materials that the buyer provided to them. However redundant

Ebook Mastering import amp; export management (2/E): Part 2

in theory or concept, the reporting of assist values is a regulatory requirement.Many importers find blind comfort in the absence of assist reporting

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2all. The importance of an importer's ability to identify assist values is critical to the compliance profile of your import organization. In an effort

to protect the revenue of your companies through internal controls linked to sox standards, companies should note the consequence of default. The fai Ebook Mastering import amp; export management (2/E): Part 2

lure to properly report imported values such as assist will result in liquidated damages and penalties to the importer of record. Customs and Border P

Ebook Mastering import amp; export management (2/E): Part 2

rotection is very familiar with the common practices of failure to report assists. CBP includes specific language on entry inquiry request for informa

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2s and cost provided to the seller at a reduced cost or free of charge is included in the import declaration value and that any information showing aFi

lllire Import Issues 237 communicated to U.S. Customs and Border Protection by the importer once discovered. The visibility of assist enforcement is p Ebook Mastering import amp; export management (2/E): Part 2

resent in daily entry supervision and liquidation practices of CBRAs an international trade consultant, I witness firsthand many instances of unintent

Ebook Mastering import amp; export management (2/E): Part 2

ional oversight of assist circumstances. I encourage companies to begin the dialogue and effort to identify assist acquisition practices for possible

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2find creative ways to complement the quality of products for a more competitive price, practices such as outsourcing of raw materials, components, mol

ds, tools, and design work will continue to be a best practice. Complement that creative process with a compliant world class practice of assist manag Ebook Mastering import amp; export management (2/E): Part 2

ement.Customs Enforcement Actions for C-TPAT NoncomplianceMany members of the international supply chain community have taken the positive step toward

Ebook Mastering import amp; export management (2/E): Part 2

s the enhancement of their global supply chain security management process by joining the Customs Trade Partnership Against Terrorism program. The C-T

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2he trade community in adopting tighter security.The C-TPAT program has had large success in its membership enrollment and certification process. It is

very important to note that a continued commitment to all elements of the minimum security criteria is mandatory in this voluntary program. This is n Ebook Mastering import amp; export management (2/E): Part 2

ot a one and done effort that only requữes attention to detail at the initial point of certification. The C-TPAT program requires a diligent effort on

Ebook Mastering import amp; export management (2/E): Part 2

a continued basis to monitor and enhance a company's security management process related to their international trade supply chain activities through

Section ThreeImport Operations11Future Import IssuesAssist Value ManagementIn these current Limes of economic uncertainty described by many as a globa

Ebook Mastering import amp; export management (2/E): Part 2ith the C-TPAT security criteria.Many members of the international trade community are utilizing their influence to ensure that their business partner

s participate in the C-TPAT program to compliment their international supply chain relationships. Careful diligence continues to be enhanced by such b Ebook Mastering import amp; export management (2/E): Part 2

usiness partners such as the monitoring of the status verification interface data (SVI) information which is designed to provide current enrollment, c

Ebook Mastering import amp; export management (2/E): Part 2

ertification, and validation information for program participants. It is critical for participants to keep current their certified or validated status

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