Course 4: Customs Affairs

In this module, we will explore the origins and purpose of product classification. We’ll discuss the structure of the Harmonized System (HS) and the significance of Section and Chapter notes. We’ll identify the various types of Section and Chapter notes and highlight their differences. Additionally, we’ll differentiate between the different approaches to product classification based on the six general Rules for the Interpretation of the HS. Lastly, we’ll cover the process of correctly classifying various products to six digits under the HS.

We  explore the role of customs authorities in international trade transactions. We’ll discuss the significance of exporter registration for customs purposes and how to access relevant information about your country’s specific procedures. We’ll also identify the different customs control measures that customs authorities are responsible for implementing. Additionally, we’ll highlight the information required by customs authorities to effectively administer customs procedures and enforce control measures. We’ll outline the documentary requirements for successful customs clearance in both import and export scenarios. Lastly, we’ll clarify the circumstances in which rebates, drawbacks, and refunds may apply to exporters or importers.

In this module, we will cover the concept of value in customs valuation, including the GATT Valuation Code. We’ll explore how selling and buying relate to customs valuation, methods for establishing value or duty purposes, adjusting prices for duty purposes, and necessary documentation like Customs Declaration forms and invoices. We’ll also discuss currency conversions and customs value calculations using a worksheet.

In this module, we will explore the essential elements of the UK – SACU+M Economic Partnership Agreement. We will delve into topics including rules of origin, the methodologies and principles used to determine product origin, and the steps involved in obtaining approved exporter status. Prepare yourself to navigate the complexities of this agreement and unlock the potential for growth and success in your export endeavors.