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Grow accustomed to simpler importing.
OCR’s new import solution helps you handle import compliance with confidence and exceptional precision.
Today, if you are not in compliance, you’ll be held accountable. Removing that concern from your management
plate lets you focus on profit and growth, not process. The application helps you satisfy USDA, FDA,
ATF, and U.S. Customs regulations. It also calculates tariff rates, duties, and taxes, and looks out
for commodity quotas and Watch List updates.
Import Automation handles these import compliance issues.
Classification of Goods
In order to determine the appropriate duty owed, imported goods must be classified accurately and assigned
the correct tariff number commonly known as Harmonized Tariff Codes (HTS). The description, use, and
contents of the imported material determine the tariff classification.
Country of Origin
The country of origin or country of manufacture is determined by the place where the goods were "substantially
transformed." Simple assembly of components does not establish country of origin.
Trade Agreements
Trade agreements under North American Free Trade Agreement (NAFTA), CAFTA, EU, or Joint Trade agreements
between countries can affect the tariffs and the import duties paid on goods imported into the country.
Valuation of Goods
Shipments received from vendors or suppliers must show a cost that reflects the "fair market value"
of the goods being imported. Undervaluing goods on commercial documents in an attempt to pay less duty
is prohibited. Any post-entry charges (volume discounts, rebates, currency risk sharing, assists, royalties,
etc.) must be communicated to the appropriate import function to ensure compliance with import regulations.
Free Trade Zones or Export Processing Zones
Countries around the world promote the use of Free Trade Zones or Export Processing Zones where companies
can import their goods for manufacture and assembly towards exports under preferential tariffs and export
incentives.
Duty Drawbacks
Companies can benefit from, and thus, need to track the duty drawbacks used in the shipping and receiving
of goods.
Customs Compliance & Reporting
Companies must keep proper records to document an import transaction and ensure that the records are
available upon request. The shipping process requires extensive documents based on goods, country of
origin, and the exported country.
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