SME Supply Chain Management.ppt

SME Supply Chain Management Robert Krieger President What’s important to being staying competitive? What is a Customs Broker? Licensed by CBP Part of the Dept. of Homeland Security Corporate License Permit Individual License Holders What is import when choosing one What is an International Freight Forwarder? Licensed by FMC NVOCC tariffs published Anti-rebate policy Confusing terminology Not licensed Most CNS (IATA) members TSA regulation US Focus on Security National Threat Center Increased examinations Voluntary C-TPAT program Stepped up TSA enforcement Krieger Worldwide Customs Brokerage Forwarding in USA, Mexico and Hong Kong Warehouse Distribution Services Domestic Transportation Logistics Consulting Services Insurance Duty Drawback programs Importer Security Filings What do you need to know? Concerns Opportunities Customs Regulations Regulated by 19CFR “Informed Compliance Reasonable Care” Importers required to submit Entry Most importers use brokers Entries filed electronically Includes data about manufacturer, importer, classification, conveyance, and valuation Importers Responsibility Verify accuracy of entry Prior to submission Marking of Goods Description Country of Origin Manufacturer Piece Count Entry Review Government retains right to review entry Review final upon liquidation Importer retains right to review entry Strict time limitations apply Examination Government retains right to inspect cargo Based on entry criteria Based on risk management Depending on product statutes up to 6 months after importation Failure to redeliver results in penalty Regardless of examination importer responsible to be comply Non-Compliance If CBP believes importer in violation Likely investigation Possible civil penalties Possible criminal penalties Related Party Most brokers don’t ask Most importers answer incorrectly when asked Significance? Valuation Transaction value is implied (TV) TV of identical merchandise TV of similar merchandise Deductive value Comp