This one day course provides basic knowledge around the key customs documentation and regimes. Ideal for someone with a base understanding of the industry and an ideal follow-on course from the Freight Forwarding Essentials. Whilst the website may allow you to book places, this is not a guarantee or confirmation of those places. New dates will be added as soon as they become available.
Course Topics
Incoterms 2020
In this session we will simplify what Incoterms are and their purpose. Again, we will focus on the buyer, seller and forwarder relationship as well as valuation for Customs purposes. (1h 15 minutes)
Moving goods around Europe
Delegates will gain an understanding of moving goods around the EU irrespective of their status. We will cover, Special Territories, EFTA countries and how shipments are controlled and monitored via NCTS. (40 minutes)
Outward (OP), Inward Processing (IP) and Return Goods Relief (RGR)
In this module, you will gain an overview of the most common temporary export and import special procedures, OP and IP. The tutor will also give circumstances when they could be applied and the importance of compliance. We will also explain RGR and the regulations around when it can be used. (25 minutes)
Customs Procedure Codes (CPCs)
You will gain a good understanding of the CPC structure and importance for both import and export. You will be able to identify the requirements and apply the correct CPCs in the future. (35 minutes)
Tariff and Classification
You will gain an understanding of the online Trade Tariff, its volumes and their purpose and how to classify goods accurately. (35 minutes)
Getting Data to HMRC
Many systems interface to get data to HMRC. To do this the declarant must use various software applications. This module explains in depth how the individual systems link up together, inventories and allow the release of goods works. (30 minutes)
Duty Calculations
In this module, delegates will understand how Duty and VAT is calculated valuation and common circumstances that you could encounter day-to-day. The tutor will also guide delegates through manual calculation. (40 minutes)
Paying HMRC
Most goods that are imported from outside the EU usually need to have costs paid to HMRC. In this course we will explain how to get those costs to HMRC and will also advise the importance of ensuring the correct information is being declared. (30 minutes)
By the end of this course, you will be able to:
- Define all Incoterms 2020, their role and responsibility in the terms of sale, with a focus on customs valuation
- Explain how goods are moved between the EU and GB
- Understand the common special procedures, IP/OP and RGR
- Apply the correct procedure codes (CPC) for the most common regimes
- Research the volumes of the on-line UK Trade Tariff and know how to classify goods accurately
- Complete Duty and VAT calculations
- Describe the options to pay HMRC and how a Deferment account operates
- Explain where all topics covered are declared using CDS
