Import and Export Compliance

Make sure your purchasing policies are up to date and in compliance with the everchanging rules of importing and exporting.

Why is regulatory compliance important? It mitigates the legal (regulatory) risks associated with importing and exporting. This course will provide an introduction and overview of basic regulatory requirements that all importers and exporters must know to mitigate the risks of shipment seizures, unexpected duty increases, and penalties. For importers, we will review tariff classification, customs value, country of origin, free trade agreements, documents required to file a customs entry, recordkeeping, penalties, and other administrative actions. For exporters, we will review product jurisdiction, classification under the Export Administration Regulations (EAR), the EARs general prohibitions, screening parties to the transaction, export clearance and the Automated Export System (AES), recordkeeping, and what to do in the event of an export violation. This material will also review best compliance practices for importers and exporters. This course will introduce importers and exporters to the issues that must be included in any import or export internal compliance program.