Import Transactions and Customs Compliance

 

Directed to all participants in the trade community, Import Transactions and Customs Compliance enables the reader to gain a coherent perception of the importing process into the U.S. as a whole.

 

This book deals with the requirements of the purchase order, the carriage of goods and related purchase transactions and then the subjects of customs compliance obligations, the adoption of policies and procedures to promote compliance with those obligations and the enforcement procedures that the importer may face in the event of non-compliance.

 

This is a single reference source for the importing process into the U.S. and is designed to give attorneys and import specialists some practical methods and model documents to anticipate and control the risks inherent in importing goods. The author, Scott Lowden, has compiled information that is currently available only in fragments.

As Scott Lowden notes,  “prudent importing strategy is all about controlling each transaction  with the seller and any intermediaries in the course of purchasing goods from abroad. Contracts drafted by suppliers of goods and services do not usually have good outcomes when they are tested”  Lowden advises,  “In most cases you can and should make every effort to write your own contracts and take the decisions that give you the most control over your purchase transaction.”

 

The book is $156.00 -- 20% off the list price. To order the book, complete the form below, and then you will be directed to a page to complete your order.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following is the Table of Contents

Part 1,

Controlling the Transaction .............................................................3

Using International Shipping Terms .................................3

The Purchase Order......................................................... 16

Acceptance of the Purchase Order ...................................17

The Battle of the Forms ...................................................20

Managing Legal Jurisdiction ..........................................22

The Purchase Order Form ...............................................24

Model Purchase Order Form ...........................................25

Terms and Conditions of Purchase ................................. 27

Model Terms and Conditions of Purchase ......................28

The Master Purchase Agreement ....................................69

Model Master Purchase Agreement ................................ 71

Letters of Credit ..............................................................78

Managing Transportation ..............................................................82

Monitoring Your Shipment ..............................................82

Distribution of Transport Documentation......................83

Carrier Obligations ......................................................... 84

Transport Documents .....................................................86

Ocean Bill of Lading ........................................................87

Sample Ocean BOL Form ............................................... 88

Sample Ocean BOL Terms and Conditions ..................... 91

Air Waybill .......................................................................96

x

“Forwarder’s” or “House” Bill of Lading/Air Waybill ..... 97

FIATA Bill of Lading ....................................................... 97

Cargo Insurance ..............................................................98

Purchasing Intermediaries ........................................................... 103

Brokers and Forwarders ................................................ 103

CBP Power of Attorney Forms ....................................... 105

Customs Broker POA Forms ......................................... 108

Sample Customs Broker POA Form .............................. 109

Customs Broker POA Terms and Conditions of Service 115

Sample Customs Broker POA Terms and

Conditions of Service ................................................116

Duties and Responsibilities of Customs Brokers .......... 132

Foreign Purchasing Representatives ............................ 133

Model Purchasing Representation Agreement ............. 134

Customs Complianc

Part 2, e

Importer Compliance Obligations ................................................ 155

Import Sanctions and Embargoes ................................ 155

Importer Security Filing ............................................... 158

Tariff Classification

........................................................161

 Compliance Procedure ............................181

Chapters 98 and 99 of the HTSUS ................................ 182

Chapter 98 ..................................................................... 183

Chapter 99 ..................................................................... 188

Country of Origin Rules ................................................ 188

NTR Countries .............................................................. 189

NAFTA Countries ...........................................................191

Other Preferential Rules of Origin ................................ 197

Generalized System of Preferences ............................... 199

Textiles and Textile Products ....................................... 200

CBP’s Tariff Shift Initiative ........................................... 201

xi

Country of Origin Marking .......................................... 202

Marking of Containers ................................................. 206

Certificates of Origin .................................................... 209

Valuation ........................................................................ 210

Transaction Value ...........................................................211

First Sale for Export ..................................................... 220

Related Party Transactions ...........................................224

Transaction Value of Identical and Similar

Merchandise ............................................................. 227

Deductive Value .............................................................228

Computed Value............................................................. 231

Currency Conversion .....................................................232

Duty Determination ......................................................232

Drawback .......................................................................236

Antidumping and Countervailing Duties .....................245

Section 301 Actions .......................................................250

Quotas ............................................................................ 251

Reconciliation ................................................................253

Record Keeping ............................................................. 257

Customs Rulings........................................................... 260

Entry Procedures ..........................................................264

Customs Surety Bond ....................................................265

Entry ..............................................................................266

Liquidation ................................................................... 268

Post Entry Amendments .............................................. 268

Protests ..........................................................................269

Customs Bonded Warehouse ........................................270

Foreign Trade Zones ...................................................... 274

Importer Policies and Procedures ............................................... 280

Implementation .............................................................282

Voluntary Programs ......................................................282

ISA Program ..................................................................283

xii

C-TPAT Program .......................................................... 284

Drawback Compliance Program ...................................289

Record Keeping Compliance Program ......................... 290

ACE Program ................................................................. 291

The Compliance Manual ...............................................292

The Compliance Manager .............................................294

Employee Compliance Responsibilities ........................295

Performance Reviews ....................................................296

Corrective Actions and Training ................................... 297

Managing Brokers and Agents ..................................... 298

Responding to CBP Inquiries and Notices ................... 300

Specific  CBP Inquiries and Notices ............................... 301

Discovering Violations of Law .......................................303

Use of ITRAC Data ....................................................... 304

CBP Enforcement Procedures ......................................................305

Liquidated Damage Claims ...........................................305

Penalty Claims .............................................................. 308

Assessment of Penalties ................................................ 310

Mitigation of Penalties .................................................. 313

Prior Disclosure ............................................................. 318

Drafting the Prior Disclosure ........................................324

Model Initial Disclosure Letter .....................................325

Supplemental Disclosure ...............................................332

Model Supplemental Disclosure Letter .........................333

Requests for Waivers of the Statute of Limitations ...... 341

Detention of Goods ........................................................344

Seizure of Goods ............................................................ 347

Forfeiture of Seized Goods ........................................... 348

Patent, Trademark and Copyright Enforcement ........... 351

Trademark Violations ....................................................353

Copyright Violations ..................................................... 360

Petitions for Relief .........................................................364

xiii

Other Federal Agency Import Requirements............................... 375

Appendices

Sample of a Letter of Credit Issued by Bank of

Appendix 1,

America ............................................................... 401

Attachments to General Terms and

Appendix 2,

Conditions of Purchase (International) ..............405

Sample Bill of Lading Terms and Conditions

Appendix 3, ..... 414

Commercial and Pro Forma Invoice

Appendix 4,

Requirements ......................................................432

Sample FTZ Operator Agreement

Appendix 5, .......................439

Sample Waiver of Statute of Limitations

Appendix 6, ............455

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