This Coventry Academy training course explores Customs Warehousing and Temporary Storage Facilities, offering opportunities to suspend import taxes, which can lead to significant cash flow savings for importers and actual tax savings for re-exports. The course covers all types of warehousing that allow for tax suspension, including customs warehousing, excise warehousing, and temporary storage facilities. It examines the differences, benefits, and eligibility criteria for each facility type. Additionally, participants will learn about operational options like CFSP (Customs Freight Simplified Procedures), EIDR (Entry in Declarant's Records), and inventory linking. The course concludes with an overview of the application process and important considerations for businesses interested in establishing these facilities in the future.
This training course will cover:
By the end of this training course, participants will be able to:
This Coventry Academy Course is designed for people who are joining exporting and experienced businesspeople who may need to keep up with industry updates.
It is suitable to a wide range of professionals but will greatly benefit:
This Coventry Academy training course will use a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the materials presented. The training course will be lively and interactive and will include tests and exercises, role plays, case studies, practice sessions, group discussions and presentations and Q&A.
Participants will receive personal feedback on their performance. The learning experience will be supported by manual containing model documents and templates.
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