1-Hour Program

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Overview

In 2014, goods and services valued at nearly $3 trillion were imported into the United States, the majority of which was commercial goods.  Importing commercial goods involves complying with the many complex laws and regulations administered by U.S. Customs and Border Protection.  Customs law is a highly specialized area in which customs brokers, accountants, and customs attorneys work together with importers and their corporate and tax counsel. 

Corporate and tax counsel often encounter a customs issue for the first time when a client receives a notice of penalty from U.S. Customs.  To be able to render meaningful advice to the client on how to deal with a customs issue, counsel must understand the basics of a commercial importation and the customs tariff classification, valuation and country of origin rules applicable thereto.  Import Practice 101 will provide a one-hour overview of this important and timely subject. 

This program will cover the following topics: 

  • General introduction to import practice
  • Customs tariff classification of imported goods—the Harmonized Tariff Schedule
  • Customs valuation of imported goods
  • Rules for determining the country of origin of imported goods
  • Customs penalties for commercial negligence and fraud
  • Opportunities for obtaining customs duty refunds

 The speaker is Thomas J.K. Smith, co-author of Import Practice Answer Book 2015, which has just been published by PLI.  Participants in this One-Hour Briefing are entitled to a 35% discount off the price of this new Answer Book.

Credit Details