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

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Presentation on theme: "Presented by: TOP 10 TRADE COMPLIANCE ACTION ITEMS FOR 2015."— Presentation transcript:

1 presented by: TOP 10 TRADE COMPLIANCE ACTION ITEMS FOR 2015

2 Our Promise: Share with you the Top 10 Trade Compliance Action Items for 2015.

3 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

4 ❖ 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

5 #2 NAFTA Look out for: ❖ BOM changes ❖ COO changes ❖ Sourcing changes ❖ Value changes ❖ Variance impact on RVC Calculations Reevaluate NAFTA:

6 ✓ 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:

7 #4 NAFTA Update your Finished Good Cert

8 #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 10.103) Reevaluate 9801/9802:

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

10 #7 Waivers Evaluate & apply for waivers

11 #8 RECON Update reported values based on 2013 recon variance

12 #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

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

14 #10 ACE Apply for ACE:

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

16 training@zissergroup.com


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