Making & Protecting Duty-Free Claims Under the Generalized System of Preferences
When:
Wed May 18 13:00:00 PDT 2011Description:
Recent U.S. Customs and Border Protection (CBP) enforcement efforts relating to duty-free entries under the Generalized System of Preferences (GSP) have revealed compliance gaps. The result is significant duty increases and penalties relating to faulty claims. To qualify for duty-free entry, importers are required to prove that the imported goods satisfy all program requirements and not simply that the goods were shipped from a GSP-eligible country. Before making a GSP claim, importers should perform a detailed review of all qualification requirements and ensure that satisfaction of each requirement can be fully documented to CBP's satisfaction.
This 1.5 hour presentation will provide the following:
- A detailed review of all program requirements, including the "product of," direct import and minimum value content requirements;
- A discussion of the documentation necessary to support each requirement;
- A review of recent rulings issued by CBP relating to GSP; and
- A summary of the current status of GSP, including a discussion of what importers can due to protect claims made after the expiration of the statute.
The webinar will be presented by Larry Ordet, Esq. Mr. Ordet is a member of Sandler, Travis & Rosenberg, P.A., resident in the Miami office, and serves on the firm's Operating Committee. He concentrates his practice on general customs compliance matters, with particular emphasis on tariff classification, NAFTA duty deferral and preference program qualification issues. Mr. Ordet has worked extensively on WCO tariff classification issues involving the modification of the Harmonized System and related Explanatory Notes.
