Finding Duty Savings: Chapters 98 and 99 - Online Webinar

Wednesday, May 03, 2017 at 10:00AM - 1:00PM
Fremont, CA

Event Details

This session by expert speaker Randi S. Waltuck Barnett will discuss the customs classifications to find lawful duty savings. With this session, you will become aware of these cost-savings options, what you need to do to use them lawfully (and be able to prove it), and include the effect of your efforts in minimizing your company's duty expense.

Objectives Of The Presentation
  • Identify conditionally free or reduced duty savings opportunities in the HTSUS' Chapters 98 &99
  • Compare total landed cost in the US to other jurisdictions
  • Show the importance of Global Trade Management (GTM)
  • Share GTM savings in support of compliance as well as trade strategy
Why Should you Attend
No importer should pay more than the legal minimum for their imported goods. Just as any company would seek tax mitigation strategies, learn, in pertinent part, how you can lawfully reduce your import duty cost exposure while maintain a low risk profile to avoid potential fines and penalties.

Customs Duty Cost-Saving Provisions, Opportunities, Risks and Special Classification Under HTSUS Chapter 98 & 99.

Many companies pay more than they have to in import duties. By properly finding and using certain cost-saving duty provisions, these costs can be minimized. But each of these savings opportunities carries risk. Customs is always interested in protecting the revenue of the United States, so if these programs are used, it is essential to use them properly and only when there is documentary evidence to prove that all the required conditions are met.

Customs classifications are complex in the harmonized Chapters, 1 - 97. In the United States, there are additional chapters, 98 and 99, which provide for special classifications, as well as classifications under temporary legislation. If all lawful conditions are met, there are some significant duty savings available to US importers in Harmonized Tariff Schedule of the United States (HTSUS) Chapter 98 and 99.

Chapter 98 deals with a variety of special provisions, such as American (or US) Goods Returned, Good Exported and Advanced on Value or Condition Abroad, Samples, and more. Whereas, Chapter 99 includes certain articles for which Temporary Duty Suspension (TDS) has been implemented by Congressional Act, and, even if your company was not the initiator of such action, you can participate if you are importing materially identical goods. US importers can find these savings for their imports, but there are significant documentary requirements to avoid risk of violations. Navigating the general rules of interpretation (GRIs) is difficult. Applying any such special classifications to your imported articles draws the attention of US customs, as it take federal revenues out of their coffers.

Areas Covered
  • Review the most important areas of conditional duty savings opportunities in Chapter 98, such as Headings 9801, 9802, 9803, 9810, 9811, and 9813
  • Understand temporary duty suspensions (TDS) and the provisions in Chapter 99
  • Know the requirements for using any of these special provisions
  • Learn the best practices for seeking and retaining documentary evidence for these programs
  • Learn how to include duty savings in your management-reported metrics
Who will Benefit
  • Import compliance
  • Legal
  • Finance
  • Engineering
  • Purchasing
  • Internal audit
  • Operations
  • Strategic sourcing
  • Risk management
For Registration
Note: Use Promo code WE3PL and get 10% off on registration (Valid till MAY 31st 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. OCP believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

The content in various categories such as medical devices, pharmaceuticals and biotechnology will raise the bar in terms of quality already on offer .We hope to contribute to the creation of responsible organizations creating benchmarks in quality, integrity and transparency.

Online Event
38780 Tyson Lane, Apt 210
Fremont, CA 94536

Starts May 03, 2017 at 10:00AM - 1:00PM

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Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896