Join us for Export Education: Export 201 on Thursday, June 26, from 10:00 am to 12:00 pm.
Program Overview:
Have you ever wondered if there’s a better way to handle exporting and importing that could save your company money? Did you know that assigning a random value like $1.00 on a commercial invoice for “samples” isn’t the correct way to value your shipments? This program will ensure you comply with US export/import regulations. You’ll learn the correct standards for determining the origin of your items and how to label them properly. Many companies use incorrect values on commercial invoices, EEIs, and other documents to “help” foreign customers, but this can lead to compliance issues. Discover how to correctly handle valuations for drop shipments, samples, warranties, repairs, and replacements for customs purposes. You’ll also gain insights into the Foreign Corrupt Practices Act (FCPA), Successor Liability, and how these impact your business.
Topics Covered:
- Six ways to export/import duty-free.
- Tools to save on duties and taxes overseas.
- Determining country of origin vs. marking origin.
- Exporting samples, warranties, repairs, and replacements.
- Proper customs valuation and transfer pricing with related parties.
- Three drop shipment scenarios with correct customs values and documents.
- Understanding the FCPA.
- Successor liability and its impact on your business.
- Best practices of successful companies.
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