| Audits and Compliance: Customs Modernization Act: 2017 Edition Contributor(s): Seal, Jan (Author) |
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ISBN: 1460955757 ISBN-13: 9781460955758 Publisher: Createspace Independent Publishing Platform OUR PRICE: $75.05 Product Type: Paperback Published: March 2012 |
| Additional Information |
| BISAC Categories: - Business & Economics | International - General |
| Physical Information: 0.58" H x 8.5" W x 11" (1.42 lbs) 276 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The "Audits and Compliance" Book provides you with an overview of the U.S. Customs Modernization Act including a reasonable care checklist, an explanation of the audit procedures called "Focused Assessment," how to design policy and procedures, record-keeping requirements, and much more. When the United States enacted the Customs Modernization Act in 1993, it transferred responsibility for classifying and entering correct value of goods from U.S. Customs to the importer of record. Now companies must be sure to properly classify all their imported goods, accurately report their value, and determine and pay the appropriate duties and fees. Failure to comply with the regulations can result in severe penalties to the importer. In addition, Customs requires importers to create a set of standard operating procedures for the importation of their goods into the United States. To ensure these procedures are being followed and producing accurate results, Customs periodically audits these procedures to ensure compliance with import regulations. |