We look at the internal functions in the importing company as well as the critical role of your clearing agent. The full import process is explained, with basic mechanics and terminology unravelled.
At the end of the course you will be equipped to set up a good import deal, knowing how to use any Customs concessions to your advantage.
What does it cover
- Definition of an import and the impact of Customs when goods move from both non-EC and EC countries
- Who does what? - the functions of purchasing, finance and the clearing agent
- Sourcing goods - selecting profitable leads
- The impact of Incoterms to the buyer
- Normal methods of payment for imports
- Reading the Tariff book to advantage
- How to check and understand the import entry (plain paper C88)
- Valuing goods for payment of duty
- Ways of saving money - possible preferences and duty reliefs
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