Presented by: TOP 10 TRADE COMPLIANCE ACTION ITEMS FOR 2015.

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Presentation 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: #1 Classification

#2 NAFTA 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 ✓ Check integrity of the data ✓ Critical components = Critical COO Tariff Shift RVC #3 NAFTA Request Critical Certs:

#4 NAFTA Update your Finished Good Cert

#5 98 Claims 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 ) Reevaluate 9801/9802:

Request NAFTA/MA for 9801 & 9802 Support #6 98 Claims

#7 Waivers Evaluate & apply for waivers

#8 RECON Update reported values based on 2013 recon variance

#8 RECON Update reported values based on 2013 recon variance 10% + Explanation to CBP 5% The Goal Actual Dutiable Value per CBP x 100% Original Entered Value Declared Actual Dutiable Value per CBP

❖ Standards ❖ Take into account the variance ❖ New BOMS #9 RECON Update Maquila System:

#10 ACE Apply for ACE:

Next Steps: ❖ Complete the 10 Action Items ❖ Questions? Comments? Contact us — We’re here to help!