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Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace
book

Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace

by Thomas A. Cook
December 2006
Intermediate to advanced
464 pages
8h 29m
English
AMACOM
Content preview from Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace
Must examine entries (Import Declaration CF 3461)
prepared by the broker to determine the accuracy in
classification and valuation.
Penalty
The penalty for importer failure to meet reasonable care
standards is domestic value or twice the duty, whichever is
less. If duty free, the penalty is calculated at 20 percent of
the value.
Broker
Reasonable care standards that apply to the broker are as
follows:
Considered an expert and thus must give competent
advice.
Must exercise due diligence to ascertain the correctness
of information imparted to a client.
Shall not knowingly impart to client false information
relative to any customs business.
Shall not withhold information from a client who is
entitled to that information.
Must establish internal procedures ...
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Publisher Resources

ISBN: 9780814408926