Transcript Document
TOP 10 TRADE COMPLIANCE ACTION ITEMS FOR 2015
presented by:
Our Promise:
Share with you the Top 10 Trade Compliance Action Items for 2015.
Agenda: 10 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 Recon Classification 98 Claims Waivers ACE
Review & Update HTS Classification: ❖ 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
Reevaluate NAFTA:
Look out for: ❖ BOM changes ❖ COO changes ❖ Sourcing changes ❖ Value changes ❖ Variance impact on RVC Calculations
Request Critical Certs:
✓ Check integrity of the data ✓ Critical components = Critical COO Tariff Shift RVC
Update your Finished Good Cert
Reevaluate 9801/9802:
Requirements: US Origin Supporting Documents:
- 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)
Request NAFTA/MA for 9801 & 9802 Support
Evaluate & apply for waivers
Update reported values based on 2013 recon variance
Update reported values based on 2013 recon variance 10% +
Explanation to CBP Actual Dutiable Value per CBP Original Entered Value Declared Actual Dutiable Value per CBP x 100%
5%
The Goal
Update Maquila System:
❖ Standards ❖ Take into account the variance ❖ New BOMS
Apply for ACE:
Next Steps:
❖ Complete the 10 Action Items ❖ Questions? Comments? Contact us — We’re here to help!