INACTIVE-CB6u—Intro to U.S. Customs Brokerage, Part 6: Transaction Value; ABI Entry Processing

Subscriber price: $279.00, Non-subscriber price: $410.00
Estimated total study time: 29 hours 22 minutes

This is the sixth and last course of the six-part series of introductory courses in the practical work of U.S. customs brokerage work groups, and should be taken after completion of the prior 5 courses for proper continuity unless you are an experienced customs broker:

This course begins with the methods of appraisement and valuation. Next we talk about additional requirements for entry transmittal, the ABI entry filing procedures and operational sequence to get ready for inputting the information to actually file the entry. Here we provide case studies. They include border, air and ocean. These case studies provide experience with obtaining information from sample documents, determining USMCA, GSP, FDA, Bioterrorism, MPF, HMF, entry type, importer of record, continuous vs. single entry bond, etc. Finally we address operational and customs requirements post entry to include re-forwarding, liquidation of the entry, accounting including billing the customer, and recordkeeping. U.S. import violations and enforcement measures will also be covered to reiterate the administrative and criminal sanctions that can result from import violations and the ability the broker has to help thwart terrorism, smuggling and fraud.

The case studies require the use of an ABI system with the capability to create an entry summary and single entry bond without transmission to CBP, and a customer invoice. All three documents must be able to be printed. If your ABI system does not have this functionality, GISTnet has chosen SmartBorder® as the ABI system to use as a testing platform for users taking this course. Please read the SmartBorder® system requirements. If your equipment does not meet the system requirements, there is an alternative method of testing available.

Entry Summary Overview; Valuation of Goods

There are 6 different methods that CBP uses to appraise the value of goods so that all importers are treated fairly. In this lesson we will present the basics of the invoice price paid or payable and currency conversion.

(Estimated study time: 53 minutes)

Methods of Appraisement; Adjustments to Transaction Value-Additions

In this lesson we will focus on the most widely used and preferred method of valuation and appraisement, transaction value. This lesson will review the conditions for using transaction value and describe the dutiable charges. These include indirect payments, parts and cost of assembled goods and other dutiable additions to the price actually paid or payable.

(Estimated study time: 52 minutes)

Methods of Appraisement; Adjustments to Transaction Value-Subtractions

Continuing with the most common method of appraisement, transaction value, we review the deductions from the invoice price.

(Estimated study time: 1 hour 7 minutes)

Other Methods of Appraisement

There are circumstances that require CBP to base their appraisement on other methods. These other methods include: transaction value of identical or similar merchandise, deductive or computed value, or values if other values cannot be determined. We will cover each of these briefly, in turn.

(Estimated study time: 47 minutes)

Calculating Duty, Fees, and Taxes

Duty rates come in many forms, some are based on a percentage of the net entered value and some are compound and complex. Taxes may apply to some types of goods like alcohol. Trade agreements affect the duty computation and there is special treatment based on importer and disposition of goods. These will all be demonstrated in this lesson.

(Estimated study time: 1 hour 25 minutes)

Additional Requirements for Entry Summary Transmittal

This lesson covers the customs power of attorney is required for an agent to perform customs business on behalf of an importer. We also briefly cover payments to vendors other than CBP.

(Estimated study time: 42 minutes)

Payment of Duties and Fees

ABI brokers are required to submit all entries through ABI. For this reason, ABI filers can pay multiple entry summaries with one check or Automated Clearing House payment. In this lesson we will cover the types of statements and methods of payment.

(Estimated study time: 1 hour 5 minutes)

Processing Import Requirements Imposed by Other Government Agencies

Import requirements imposed by other government agencies can be complex. Only a few of these agencies use electronic messages to enforce their requirements. Sometimes there are hard copy document requirements. In this lesson we will cover these other agency requirements.

(Estimated study time: 43 minutes)

ABI Entry Filing Procedure and Operational Sequence

In this lesson we will illustrate the general sequence of events for filing your entry via ABI, what CBP selectivity processing is and how it is used, and the time limitations involved. Proper organization of the paper entry documents is also important for customs submission and record keeping.

(Estimated study time: 1 hour 40 minutes)

Operational and Customs Requirements Post Entry

What happens after the entry is filed? In this lesson we cover the delivery of goods to the importer, also known as re-forwarding, liquidation of the entry, accounting, including billing your customer, and record keeping.

(Estimated study time: 1 hour 4 minutes)

Post Entry Remedies for Error Correction and Entry Finalization

This lesson gives a short overview of the work involved in correcting entries that were not done right the first time. It also stresses the importance of reporting and correcting any errors that may be discovered.

(Estimated study time: 1 hour 30 minutes)

U.S. Import Violations, and Enforcement Measures

CBP requires that customs brokers help in the effort to thwart terrorism, smuggling, and fraud. Here we discuss how Customs brokers are scrutinized, the types of import violations that occur and the possible administrative and criminal sanctions that can result.

(Estimated study time: 47 minutes)

Using SmartBorder® Software to Prepare Entries in ACE

This lesson will walk users through the process of downloading SmartBorder® Software software, logging in, and troubleshooting. Then it goes through entering import information step by step.

(Estimated study time: 1 hour 41 minutes)

Air Case Study 1a; Document and Client Review

The best way to learn is through practice. This case study concentrates on an air import to use what was learned in this series of courses. It is one of several case studies devoted to actually looking at a set of sample documents, completing the entry summary, and single entry bond and customer invoice in an actual ABI ACE software system.

(Estimated study time: 38 minutes)

Air Case Study 1a; Entry Summary and Billing

Air Case study 1 continued. Processing the air shipment entry, and bill.

(Estimated study time: 3 hours 20 minutes)

Air Case Study 2a; Document and Client Review

This case study concentrates on an air import to use what was learned in this series of courses. It is one of several case studies devoted to actually looking at a set of sample documents and completing the entry summary, single entry bond and customer invoice in an actual ABI system.

(Estimated study time: 21 minutes)

Air Case Study 2a; Entry Summary and Billing

Air Case study 2 continued. Processing the anti-dumping entry, and bill.

(Estimated study time: 3 hours 15 minutes)

Ocean Case Study 3a; Document and Client Review

This case study concentrates on an ocean import to use what was learned in this series of courses. It is one of several case studies devoted to actually looking at a set of sample documents and completing the entry summary, single entry bond and customer invoice in an actual ABI system.

(Estimated study time: 15 minutes)

Ocean Case Study 3a; Entry Summary and Billing

Case study 3 continued. Processing the multi-line ocean entry, and bill.

(Estimated study time: 3 hours 41 minutes)

Border Case Study 1b; Document and Client Review

This case study concentrates on a border import to use what was learned in this series of courses. It is one of several case studies devoted to actually looking at a set of sample documents and completing the entry summary, single entry bond and customer invoice in an actual ABI system. Border entries are typical of methods on both borders.

(Estimated study time: 58 minutes)

Border Case Study 1b; Entry Summary and Billing

Case study 1b continued. Processing the entry, and bill.

(Estimated study time: 2 hours 40 minutes)