Posts Tagged ‘Customs Compliance’


 

7 Reasons to Invest in Customs Compliance

PCB helpWith today’s fast paced business climate time is limited and precious. There is always a long list of tasks to accomplish so why would you take valuable time out of your busy schedule to attend an educational course?

Like any good business person worth his or her salt, let’s examine the Return on Investment (ROI). Obviously the course topic has to have some relevance to your business. Here are some questions a potential attendee may ponder on as they contemplate the decision to attend or not:

  • Is there a way my company can save money?
  • Will it improve a process?
  • Will it provide potential insight to solve a problem?
  • Will it provide valuable knowledge to move a project along?
  • Is the topic one that cannot easily be ignored? (e.g. compliance issues)

What is Customs Compliance?

Customs compliance refers to importers and exporters meeting all of the requirements governing the movement of their commercial goods across the border. To be trade compliant is to ensure that the tariff classification, origin and valuation of goods are all accurately declared in accordance with legislative requirements and that the appropriate duties and taxes are paid. There is a clear obligation under the Customs Act to provide true, accurate and complete trade information including a proper description of the goods, as well as correcting erroneous information regardless of dutiable status. Furthermore, an essential part of customs compliance is to ensure that all import requirements are met such as having the appropriate import permit. Failure to meet all import requirements violates the control measures that are in place to protect the economy, the environment and the health of citizens.

 

The Importance of Customs Compliance:

In recent years, the Canada Border Services Agency (CBSA) and U.S. Customs and Border Protection (CBP) have shifted much of their emphasis from import inspections to post-audit verifications. The responsibilities put upon Importers of Record (IOR) have steadily increased as all members of the supply chain endure higher scrutiny from customs officials. Now more than ever it is imperative that the IOR maintain a high level of sophistication, demonstrate due diligence, ensure they understand their responsibilities, implement internal sets of controls and procedures for best practices as well as understand the consequences of non-compliance.

International trade no longer stands on the sidelines of corporate awareness. It is being transformed from an operational function into an evolving eco-system that helps mitigate organizational risks and strategically drives value. In order to do business efficiently, smart businesses need to strike a balance between ensuring timely movement of cross-border goods and complying with complex regulatory systems designed to ensure safe, verifiable cross-border transactions. Effective global customs planning can help improve a company’s bottom line.

 

Benefits of Attending a Customs Compliance Course:

1. Gain Insight on Key Trade Topics

A well designed course will help you gain a better understanding of key trade topics, teach you how to manage customs compliance and utilize free trade agreements to your benefit. The substantial knowledge you receive will aid in completing accurate documentation, understanding logistics and getting a feel for how transactions move through the regulatory process.

2. Stay Current on Customs Regulations

In our industry, where we deal with customs and other government agencies, regulations are ever-changing. A customs compliance course can be a convenient way for trade professionals to stay ahead of new regulations with international trade.

3. Avoid Possible Penalties and Risks By Being Informed

Customs agencies and other government departments emphasize the importance of compliance. This is monitored through increased enforcement and could result in monetary penalties to the importer. One of the most important reasons to attend a course is the knowledge and guidance you will receive from the presenters with regards to the steps your organization will need to take to become more compliant with government agencies.

4. Cost-effective Training and Knowledge Refreshment Tool for Logistics Professionals

Courses make for excellent training for someone in a new role, a new employee, or training for yourself. Quite often we have repeat attendees who regularly register on an annual or bi-annual basis. Part of our education program (PCB Learning Center) covers general overviews of importing or exporting, but we also offer training on specific subjects (e.g. North American Free Trade Agreement, H.S. Tariff Classification, Customs Valuation, etc.), thus providing an excellent opportunity for companies to utilize them as a cost-effective training tool.

5. Access to Customs Compliance Experts

A well designed course should include adequate time for audience participation or a valid opportunity at the conclusion to get answers to your questions. A live seminar gives you the chance to personally speak to the presenter(s) or other subject matter experts. We all agree that sometimes the best experiences occur when there are excellent inquiries that promote further ideas and discussion, particularly when you thought you were the only one with that challenge.

6. Reasonable Time Commitment

The ability to obtain some specific knowledge in a short period of time is an added benefit. Night school courses are requisite for more in-depth subject learning but often you need something that is less intensive but still provides substantial knowledge.  Half or full-day seminars or on-demand videos are an excellent way to get a quick update.

7. Networking – Make Valuable Professional Connections

A live course allows you to network and learn alongside other like-minded professionals, coming away with increased knowledge and understanding. Perhaps you will encounter a person who had a similar business problem to yours, or people who can share their own experience on a certain issue and provide you with valuable insight.

Here is a quote from an attendee at one of our recent Customs Compliance Seminars  “… it’s always interesting to have an informal conversation with compliance people from other industries,” which brings up another great point – where else would you have a chance to rub shoulders with people of similar business interests?

Hopefully this has inspired you to take the next step in your customs compliance education. Check out our PCB Learning Center to find a perfect resource today!

We hope you’ll join us and encourage you to share this with colleagues and business partners who might find it useful.

Do you have questions about PCB Learning Center’s education program? Leave us a comment in the section below!

Your Designation Maintenance Begins with our Professional Development Courses

Image: Seminar Room

 

Your Professional Development starts with Pacific Customs Brokers! If you have never attended one of our Professional Development Courses, the following information might help you decide on attending the next one.

Professional Development Courses – Seminars and Workshops

At our in-person courses you learn the best practices of being a compliant importer and/or exporter which will help you expedite your commercial shipments to and avoiding costly delay triggers. Our experts share their knowledge and stories on international and cross-border shipping regulations to keep you current with customs and partner government agency requirements.  Benefits of attending an in-person seminar or workshop include:

  • All day access – Get our experts to answer your questions one-on-one
  • Case studies and real-life examples – Examine other attendees’ trade compliance hurdles
  • Cost-effectiveness – More affordable than industry standards
  • Range of topics – Choose from a wide variety of topics
  • Certificate of Completion – Receive a certificate for each course you attend
  • Handouts – Take home your own set of course material
  • Industry accreditation – Earn points towards maintenance of your industry designations
  • Networking – Connect with other like-minded professionals

Professional Development Courses – On-Demand *COMING SOON*

Our on-demand library is designed to meet the demands of the global trade community. These sessions are a convenient way for trade professionals to stay ahead of new regulations with international trade and gain additional knowledge in key areas. Benefits of attending an on-demand course include:

  • Global accessibility – Travel is removed from the equation for companies with multiple locations or branches
  • Convenience – Attend from the comfort of your desk or home at any time that is best for you
  • Concise training – In a fast-paced industry, efficiency becomes just as important as staying compliant, watch in parts or “binge” on the full course
  • Industry accreditation – Earn points towards maintenance of your industry designations

 

Taking any of our courses may earn you maintenance points, credits, and hours towards a variety of professional designations. Some examples of eligible designations are:

  • Certified Customs Specialist (CCS)
  • Certified Trade Compliance Specialist (CTCS)
  • Certified Export Specialist (CES)
  • Designate with the Law Society of British Columbia (LSBC)
  • Accounting Professional

Registration for Fall 2018 is now open!

Review and plan your professional development maintenance for the second half of 2018 by clicking on the hyperlinked course names below. 

  CSCB NEI LSBC
Course Name CCS CTCS CCS CES  
How To Import Into Canada Part 1 5 5
How To Import Into Canada Part 2 5 5 3
How To Import Into Canada (Series) 5 5 3
How To Classify A Product 5 6 4
How To Import Into The US Part 1 5 5 3
How To Import Into The US Part 2 5 5 3 3
How To Import Into The US (Series) 5 5 3
How To Value A Product For Customs 5 5
*How To Choose The Best Incoterm 5 3 3
*How To Import CFIA Regulated Goods 5 5
*How To Import FDA Regulated Goods 5 5 3

 

*Registration for spring 2019 courses coming soon.

 

 

Have questions or comments about any of our courses? Call 888.538.1566 or email us today!