CB6u—Intro to U.S. Customs Brokerage, Part 6: Transaction Value; ABI Entry Processing CB6u—Intro to U.S. Customs Brokerage, Part 6: Transaction Value; ABI Entry Processing
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Non-subscriber price: $338.00, Subscriber price: $260.00
Estimated total study time: 18 hours 36 minutes
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This the sixth and last lesson of the six-part series of introductory courses in the practical work of U.S. customs brokerage work groups, and should be taken after completion of Intro to U.S. Customs Brokerage, Part 5, for proper continuity. (See Part 5, syllabus for more information).
This course begins with the methods of appraisement and valuation. Next we talk about additional requirements for entry transmittal, the ABI entry filing procedures and operational sequence to get ready for inputting the information to actually file the entry. Here we provide 6 case studies. Three are border shipments, two are air and one ocean. These case studies provide experience with obtaining information from sample documents, determining NAFTA, GSP, FDA, Bioterrorism, EPA, American goods returned, MPF, HMF, entry type, importer of record, continuous vs. single entry bond, etc. Finally we address operational and customs requirements post entry to include re-forwarding, liquidation of the entry, accounting including billing the customer, and recordkeeping. U.S. import violations and enforcement measures will also be covered to reiterate the administrative and criminal sanctions that can result from import violations and the ability the broker has to help thwart terrorism, smuggling and fraud.
There are 6 different methods that CBP uses to appraise the value of goods so that all importers are treated fairly. In this lesson we will present the basics of the invoice price paid or payable and currency conversion.
(Estimated study time: 1 hour 2 minutes)
In this lesson we will briefly cover the basis of appraisement customs uses to determine the correct value of merchandise. We will focus on the most widely used and preferred method of valuation and appraisement, transaction value. This lesson will review the conditions for using transaction value and detail the additions to the price actually paid or payable.
(Estimated study time: 56 minutes)
Continuing with the most common method of appraisement, transaction value, we review the deductions from the invoice price.
(Estimated study time: 53 minutes)
There are circumstances that require CBP to base their appraisement on other methods. These include: transaction value of identical or similar merchandise, deductive or computed value, or values if other values cannot be determined. We will cover each of these briefly, in turn.
(Estimated study time: 54 minutes)
An importer authorization in the form of a customs power of attorney is required to appoint the agent to perform customs business for the importer of record. In this lesson we also briefly cover payments to vendors other than CBP.
(Estimated study time: 54 minutes)
ABI brokers are required to submit all entries through ABI. For this reason, ABI filers can pay multiple entry summaries with one check or Automated Clearing House payment. In this lesson we will cover the types of statements and methods of payment.
(Estimated study time: 1 hour 3 minutes)
Import requirements imposed by other government agencies can be complex. Electronic messages are sent and received from only a few agencies. Sometimes these result in hard copy document requirements. Other agencies do not yet have the ability to operate through electronic messaging and only allow hard copy documents. In this lesson we will talk about these other agency requirements.
(Estimated study time: 1 hour 8 minutes)
In this lesson we will illustrate the general sequence of events for filing your entry via ABI, what CBP selectivity processing is and how it is used, and the time limitations involved. Proper organization of the paper entry documents is also important for customs submission and record keeping.
(Estimated study time: 1 hour 17 minutes)
The best way to learn is through practice. This is study 1 of 6 case studies which are devoted to actually looking at a set of documents and answering some of the same questions that would be asked if completing an entry summary through ABI. Border entries are typical of methods on both borders.
(Estimated study time: 1 hour 26 minutes)
The best way to learn is through practice. This is study 2 of 6 case studies which are devoted to actually looking at a set of documents and answering some of the same questions that would be asked if completing an entry summary through ABI.
(Estimated study time: 1 hour 15 minutes)
The best way to learn is through practice. This is the third of 6 case studies which are devoted to actually looking at a set of documents and answering some of the same questions that would be asked if completing an entry summary through ABI.
(Estimated study time: 1 hour 12 minutes)
The best way to learn is through practice. This is the fourth of 6 case studies which are devoted to actually looking at a set of documents and answering some of the same questions that would be asked if completing an entry summary through ABI.
(Estimated study time: 1 hour 12 minutes)
The best way to learn is through practice. This is study 5 of 6 case studies which are devoted to actually looking at a set of documents and answering some of the same questions that would be asked if completing an entry summary through ABI.
(Estimated study time: 1 hour 15 minutes)
The best way to learn is through practice. This is study 6 of 6 case studies which are devoted to actually looking at a set of documents and answering some of the same questions that would be asked if completing an entry summary through ABI.
(Estimated study time: 1 hour 45 minutes)
What happens after the entry is filed? In this lesson we cover the delivery of goods to the importer, also known as re-forwarding, liquidation of the entry, accounting, including billing your customer, and record keeping.
(Estimated study time: 1 hour 13 minutes)
Since brokers have a close working relationship with CBP, and interact with the importers and carriers, CBP requires that they help in the effort to thwart terrorism, smuggling, and fraud. Here we discuss how Customs brokers are scrutinized. the types of import violations that occur and the possible administrative and criminal sanctions that can result.
(Estimated study time: 1 hour 7 minutes)