Challenged with classification? Classifying the same product differently in one or more countries? Uncertain as to when a “kit” is a “kit for customs purposes” or when to classify a part with the machine and when not to?
The Harmonized System (HS) is a global number, to 6-digits, that drives the duties, fees and taxes of a product upon importation, in addition to applicable protective measures (i.e.: antidumping). In addition, the HS number is the basis of many free trade agreement qualification processes. So why do so many companies raise their customs risk and classify some products differently when operating in more than one country?
Managing a global supply chain isn't confined to simple logistics - trade regulations, Customs entry requirements, and shifting tariff rules can have a weighty impact on your landed cost and speed to market.
That's why, at Rider University's Global Supply Chain Symposium, supply chain leaders spoke on a panel titled Global Trade and Its Impact on Your Supply Chain. Suzanne Richer, Director of Amber Road's Trade Advisory Practice, joined executives from Subaru and Firmenich at the symposium which welcomed supply chain and logistics professionals for a full day of presentations and panels from industry leaders.
Global trade today is making the world a smaller place and enabling more markets and regions to link together with less cost and risk. It’s also driving technology development by creating standards and removing economic barriers that inhibit the movement of goods, information, and people. Amber Road’s subject-matter experts provide some thought-provoking insights in a range of industry publications to help companies continue to streamline their global supply chains.
Is Technology the Solution to Supply Chain Complexity? in Inbound Logistics
Understanding constantly evolving U.S. customs regulations and its complex requirements is a challenging task.
Whether you are looking for a refresher course or are new to the industry and want to get up to speed fast, our hands-on 5-day Import Boot Camp will provide you with a solid understanding of U.S. Customs regulations, requirements, and best practices needed to tackle a multitude of trade compliance issues with authority.
After lying dormant for almost 30 years, U.S. trade policy has been swept up in a whirlwind of change – and, surprise, your trade compliance job may get caught in the storm too! Your imports of a variety of products just became more expensive with the imposition of special tariffs and import restrictions.
Join Amber Road’s Global Trade Academy’s upcoming webinar, U.S. Trade Policy Is Changing Rapidly - And So May Your Job!, on June 26th at 2:00PM EDT.
In a further indication that U.S. trade policy toward China has stiffened, the Trump Administration has initiated a punitive tariff action against China under Section 301 of the Tariff Act. Section 301 empowers the White House to impose additional import tariffs on the products of countries who maintain discriminatory policies against U.S. products and services.
Last week, Amber Road’s Global Trade Academy hosted the webinar, Valuation ABC’s & Related Party Transfer Pricing Pitfalls, which reviewed the critical components of proper Customs & Border Protection (CBP)’s valuation declarations, appraised value under Transaction Value, and how to prove inter-company transfer pricing between related parties.
Marian Ladner, Managing Partner at Ladner & Associates PC, presented on behalf of Global Trade Academy. Marian comes from an extensive background in trade law, providing her with a wealth of knowledge on trade compliance. With only an hour to cover such a complex topic, many of our viewers had additional questions.
The U.S. Customs & Border Protection (CBP)'s valuation declarations contain critical components that can end in crisis when left unacknowledged. For seamless trade, global companies must understand the basic components of appraised value under Transaction Value and how to prove inter-company transfer pricing between related parties.
Join Amber Road's Global Trade Academy for our upcoming webinar, Valuation ABC’s & Related Party Transfer Pricing Pitfalls, on Tuesday, April 17 at 2pm EDT. The webinar will address your top questions surrounding value for appraisement:
Customs laws and regulations are continuously changing. This challenges your ability to comply with labor regulations and imported product restrictions, making it increasingly easy to get blindsided by penalties at the border.
At the same time, changing trade regulations and enhanced inter-agency enforcement techniques are delaying the clearance time for sensitive imports. This results in longer lead times and higher costs associated with customs exams and storage fees.
Join Amber Road’s Global Trade Academy as we tackle the changes and potential pitfalls for importers during our webinar, Your Shipment Was Stopped? Don't Get Blindsided By Customs Laws & Regulations! It will broadcast live on Tuesday, March 20th at 2pm EDT.