March 2019 is quickly approaching and UK businesses are still largely in the dark about how customs procedures will be carried out in the event of a no-deal Brexit. In response, Her Majesty's Revenue and Customs (HMRC) published an updated  partnership pack to provide guidance and support for businesses preparing for day one if the UK leaves the EU without a deal.

For the time being, the pack outlines high-level customs procedures and the ways in which processes will be changed for goods moving across the UK border. Later in the autumn, the HMRC will expand the pack to include a breakdown of agrifood regulations, controlled goods (such as timber, chemicals, and waste) regulations and licensing, and road haulage licensing.

April Webcast Q&A Wrap-up

Presented by Denise Guzialek

Program Manager--Compliance Services

Copper Hill Incorporated

 

Q: I would like to start flagging my entries to file value recon. How do I go about setting this up?

A:  The first step is to contact your surety company to add a recon rider to your existing bond. Once this is complete, contact your broker to begin the application process to begin flagging your entries for value recon. Once your entries are flagged, you have 21 months to reconcile. You can work with your broker who can file recon entries with Customs with the corrected values.

 

In 2014, the US saw exports of goods increase $43.7 billion according to the US Census; while the European Union saw a $14.5 billion increase, China a $2.3 billion increase, and Mexico a $14.2 billion increase.  Exports are on the rise. Is your export compliance program ready for the demand?

How can your organization expand into new markets and new product lines while not draining the personnel budget?  It can be done with an export compliance program that streamlines the entire process, facilitates cross department communication, and maintains compliance.

Join Integration Point and Page Fura for a 60-minute webcast focusing on best practices you can implement in your export compliance program today.    Shannon Fura, Partner with Page Fura, will share her expertise regarding developing a workable export compliance program, while Angela Chamberlain, VP of Global Trade Content at Integration Point, will go over the types of Export Control Lists you need to comply with along with tips for streamlining your export classifications, such as mapping your ECN/ECCN to HS at a global level.

Other topics that will be covered during the webcast include :

  • Establishing “C” Suite Support for On-ward Compliance
  • Building Cross-Departmental Relations – from Engineering/Sourcing through Sales/Shipment
  • Gaining the Authority to Say “No”
  • Devising an Audit/Corrective Action Policy
  • Highlighting what Export Control Lists Are Available
  • Walking Through the Structure of the Dual-Use List
  • Discussing Export Control Numbers in Different Countries and the Variations that Exist

A Q&A session will follow the webcast, and dialogue will continue here on the Global Trade News blog.

Register now for this educational webcast.