Customs Classification and Tariff Codes is the process of determining the correct tariff code for imported and exported goods. Classification of goods is relevant from a customs point of view.
The course highlights commercial implications of the correct use of the Tariff/Commodity code and why it is so important to have a good understanding of them, which will help towards successful and efficient global business.
This Coventry Academy training course will feature:
How to Excise goods additional codes
How to CAP goods additional codes
How to work out the costs of your products in export markets
What are the kinds of overseas checking tariffs?
What are the Sources of information?
What are the goals?
By the end of this Coventry Academy training course, participants will be able to:
Explain the importance of the Tariff
How a Tariff/Commodity code is made up
Determine the correct code for your products
Identify the general rules of interpretation
Identify binding tariff information
Clarify the export process and customs information requirements
Who is this training course for?
This Coventry Academy Customs Classification and Tariff Codes workshop is designed for people who are joining to exporting plus experienced business people who may need to keep up with industry updates.
It is suitable to a wide range of professionals but will greatly benefit:
It will include Shipping and Purchasing Staff.
Accounts and Finance and Export / Import Administration
Logistics officers, Technical Support Distribution
Legal professionals
How will this training course be presented?
This Coventry Academy Customs Classification and Tariff Codes 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.
Course Outline
Day One: Customs Classification Definitions
Pre-test
Definition of Customs Classification
Importance of Customs Classification
The need for Customs Classification
Why classify goods and what can go wrong?
How to manage the classification of goods imported and exported
Day Two: Importance of Tariff
Binding tariff information (BTI)
Explanation and importance of the Tariff
How a Tariff/Commodity code is made up
Determining the correct code for your products
General Rules of Interpretation
Binding Tariff Information
The export process and customs information requirements
Day Three: Shipment Procedures
Shipments to the EU
Ongoing management of tariff codes
BREXIT Impact & published Brexit tariffs
Requirements with additional regulations
Parts & accessories
Day Four: Tariff Codes
How to classify your goods?
Getting goods analyzed
Items packaged as a set
Item made of more than one substance
Classification codes issued by other countries
Classifying goods if you’re importing goods into a country outside the UK or EU
Day Five: Additional Codes
Excise goods additional codes
CAP goods additional codes
How to work out the costs of your products in export markets
Checking overseas tariffs for import compliance and competitiveness
Sources of information
Post Test
The certificate
Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course