December 2006
Intermediate to advanced
464 pages
8h 29m
English
book
Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace
by Thomas A. Cook
Content preview from Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace
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Many importers have traditionally relied on statements
of value on commercial documents prepared by the foreign
seller as the communication tool of valuation declaration,
without any U.S. validation process of the correctness of in-
formation before entry declaration submission to CBP. CBP
regulatory standards require an importer to be informed
about the proper principles of valuation to include dutiable
charges. Incorrect valuation determinations may lead to
fines and penalties against the importer of record.
Education and training on specific valuation concepts
are an essential component in proper import management.
DUTIES AND TAXES
All duties and taxes must be remitted to CBP within 10
days of clearance. These are determined by two key factors:
the origin ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.