Since the US Customs Modernization Act, the responsibility and liability to conform to all material Customs Laws and Regulations has fallen squarely on to the Importer of Record. If your company has any US imports, it is your legal responsibility to “exercise reasonable care”.
As the US seeks funds for the federal treasury, Customs enforcement actions become more aggressive to find material violations and collect substantial penalties. In parallel, more individuals have recently come forward as whistleblowers, both internal and competitors, seeking compensation (moiety) when aware of importer violations. Don’t let this happen to you!
In this session, expert speaker Randi S. Waltuck Barnett will give you insights on import law, show you what the law requires, what the risks and penalties are for non-conformance to those requirements, and best practices to mitigate all such risks. You will also get an understanding of the government’s expectations related to compliance law and what are the costs of non-compliance. Additionally, Randi will provide you tips on how to get upper management support for a problem that hasn’t yet occurred and how best to prevent penalty situations.
Plus, various tools such as ACE Accounts, the Customs website, and prior disclosures will be discussed along with materials to help you develop your own Import/Customs Compliance Program.
The session presumes a basic knowledge regarding the main concepts of Customs Law & Regulation, including but not limited to Harmonized Tariff System (“HTS”) Classification; Customs Valuation; Preferential & Non-Preferential Country of Origin; and Record Keeping.
Who Should Attend
Ask a question at the Q&A session following the live event and get advice unique to your situation, directly from our expert speaker.
- Dr. David Lim
Ms. Waltuck Barnett is a highly regarded global trade professional, having created and implemented global and domestic trade compliance programs across many industries for companies large and small. Her experience includes oversight of a $5B, 65-location division of Honeywell, a $3B, 17-location division of Motorola, Global Trade Optimization for Dell, Inc., among others.