This webinar will explain the structure and timeline of a customs audit, and teach attendees how to successfully prepare for an audit. Attendees will learn the best practices for trade compliance and customs compliance that you can implement while importing/exporting to minimize penalties. Also you will learn how to establish a reasonable care process, identify the characteristic of internal controls along-with real life examples of implementing a compliance program successfully.
If you have ever been selected for CBP’s focused assessment (commonly referred to as a customs audit), you know that it is a stressful, cumbersome and often, expensive process.
Are you prepared if CBP notifies you that your company has been selected for a CBP FA audit?
This webinar will explain all the risk areas that Customs looks for in an audit as well as the best practices you should adopt to successfully prepare for a customs audit.
We will also discuss how your company can demonstrate “reasonable care” & build a robust import compliance program.
Why Should You Attend:
If you import products into the United States of America, you need to comply with the rules of the Bureau of Customs and Border Protection (CBP). If you are selected for CBP’s focused assessment, it is a stressful, cumbersome and often, expensive process.If you have ever been selected for CBP’s focused assessment (commonly referred to as a customs audit), you know that it is a stressful, cumbersome and often, expensive process.
Are you prepared if CBP notifies you that your company has been selected for a CBP FA audit?
This webinar will explain all the risk areas that Customs looks for in an audit as well as the best practices you should adopt to successfully prepare for a customs audit.
We will also discuss how your company can demonstrate “reasonable care” & build a robust import compliance program.
Areas Covered in the Webinar:
- Background on customs audits (Focused assessment)
- Risk areas reviewed by CBP during a Focused assessment
- Review of ACE data and entry review/transactional testing
- Best practices - How can you prepare for a compliance audit?
- Customs Valuation
- HTS Classification
- Records Management
- Prior disclosures
- Exemption from Audits: Join the Importer Self Assessment?
- Joining the Importer Self-assessment program
- Common errors and best practices for building an import compliance program
- New developments - Trusted Trader program.
Who Will Benefit:
- This session will be of interest to all Importers
- Non-Resident or Resident Business Owners
- International Trade Compliance department
- Accounting Department
- Legal Department
- Risk & Compliance department
- International Purchasing Managers
- Logistics, Transportation & Supply Chain
- Customs Brokers
Course Provider
Deep SenGupta,
