Global Certificate in Duty Calculation for Global Markets
-- ViewingNowThe Global Certificate in Duty Calculation for Global Markets is a comprehensive course designed to empower learners with the essential skills needed to excel in international trade. This course highlights the importance of accurate duty calculation, a critical aspect of global commerce, by teaching learners how to navigate complex duty regulations, optimize supply chain operations, and reduce costs.
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โข Introduction to Duty Calculation: Basics of duty calculation, types of duties, and their importance.
โข Understanding Global Trade Regulations: Overview of international trade laws and regulations, including WTO and FTA agreements.
โข Import and Export Documentation: Explanation of key documents required for duty calculation, such as commercial invoices, packing lists, and bills of lading.
โข Harmonized System (HS) Classification: Detailed understanding of HS codes, their structure, and how they impact duty calculation.
โข Valuation Methods for Duty Calculation: Overview of different valuation methods, including transaction value, transaction value of identical or similar goods, and computed value.
โข Calculating Duty Rates: Step-by-step guide to calculating duty rates, including the role of tariff schedules.
โข Duty Relief and Deferral Programs: Introduction to duty relief and deferral programs, such as free trade zones, bonded warehouses, and duty drawback.
โข Managing Duty and Tax Risks: Understanding and mitigating risks associated with duty and tax calculation, including customs audits and penalties.
โข Technology Tools for Duty Calculation: Overview of software tools and solutions available for automated duty calculation.
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