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.
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
