presented by: top 10 trade compliance action items for 2015
TRANSCRIPT
presented by:
TOP 10 TRADE COMPLIANCE ACTION ITEMS FOR 2015
Our Promise:
Share with you the Top 10 Trade Compliance Action Items for 2015.
1. Review and update your HTS Classification Master
2. Reevaluate NAFTA eligibility
3. Get critical NAFTA certs for critical components
4. Update NAFTA finished good Ccerts
5. Reevaluate 9801/9802 eligibility
6. Request NAFTA/MA certs for 9801/9802 support
7. Evaluate & apply for waivers
8. Update reported values based on 2013 recon variance
9. Update your Maquila system
10.Apply for ACE
NAFTA
98 Claims
Waivers
Recon
ACE
Classification
Agenda: 10 Action Items for 2015
❖ Review Invoice descriptions
❖ Review HTS for accuracy
❖ Make sure everything is classified
❖ Review HTS for consistency
❖ Be sure to support and defend your HTS Classification
Review & Update HTS Classification:
#1Classi
ficatio
n
#2NAFTA
Look out for:❖ BOM changes
❖ COO changes
❖ Sourcing changes
❖ Value changes
❖ Variance impact on RVC Calculations
Reevaluate NAFTA:
✓ Check integrity of the data
✓ Critical components = Critical COO
Tariff Shift RVC
#3NAFTA Request Critical Certs:
#4NAFTA Update your Finished Good Cert
#598 C
laims
Requirements: Supporting Documents:
US Origin- Manufactures Affidavit- NAFTA Certificate of Origin (US Origin)
NOT advanced in value or improved in condition while
abroad
- U.S. Importer Declarations (19 CFR 10.103)
Reevaluate 9801/9802:
Request NAFTA/MA for 9801 & 9802 Support
#698 C
laims
#7Waive
rs Evaluate & apply for waivers
#8RECON
Update reported values based on 2013 recon variance
#8RECON
Update reported values based on 2013 recon
variance
10% +Explanation to CBP
5%The Goal
Actual Dutiable
Valueper CBP x
100%
Original Entered Value
DeclaredActual
Dutiable Value
per CBP
❖ Standards
❖ Take into account the variance
❖ New BOMS
#9RECONUpdate Maquila System:
#10ACE Apply for ACE:
Next Steps:
❖ Complete the 10 Action Items
❖ Questions? Comments? Contact us — We’re here to help!
