Navigating The US Customs Regulations - Title 19 Code of Federal Regulations
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, and Global Trade Optimization for Dell, Inc., among others.
Ms. Waltuck has worked in the international trade arena in various industries for nearly 20 years. Her professional accomplishments include multi-million dollar global supply chain savings under various legal theories, as well as end-to-end global trade risk mitigation processes and procedures, identifying “right-sized” technology tools, including “compliance on a shoestring” practices.
She has served on councils and boards for various organizations, including the American Association of Exporters and Importers (AAEI), the Organization of Women in International Trade (OWIT), is a charter member of the International Compliance Professionals Association (ICPA), and a frequently sought-after trade and supply chain conference speaker for various well-known conference organizers, including the American Conference Institute (ACI), Marcus-Evans, and Richardson Conference Events.
A licensed customs broker, Randi, a 6-Sigma Green Belt, holds degrees in International Business, an MBA in Finance, began her pursuit of a J.D. in International Trade Law, and is available to solve your global trade needs, now!
Having a solid understanding of applicable regulations is not only legally required, but it can also offer your company tactical and strategic advantages. Preventing fines, penalties, and potential loss of import privileges will keep your business running smoothly, efficiently, and at the lowest cost of operation.
Knowing, understanding, and applying the subtle areas of trade compliance and global trade management (“GTM”) may provide you with competitive advantages over those trying to out-source or, worse, ignore, these regulations.
All countries regulate the movement of goods across their borders. To meet various domestic and global trade policy objectives, a multitude of trade regulations and agreements are in place. Knowing the law and regulations that affect your operations is business-critical to avoid supply chain disruptions and possible fines, penalties, and even the suspension of your import privileges!
- A brief history of global and US customs framework
- US Customs Modernization Act (“Mod Act”) and “reasonable care”
- Title 19 of the Code of Federal Regulations (“CFR”), “Customs Duty”
o §10 – Articles Conditionally Free
o §24 – Customs Financial & Accounting Procedure…
o §102 – Rules of Origin
o §134 – Country of Origin Marking
o §152 – Classification and Appraisement of Merchandise
o §163 – Record Keeping
o §181 – NAFTA (briefly)
Course Level - Intermediate: Assumes a basic understanding of various trade concepts, including but not limited to classification, valuation, and country of origin. Legal terms of art that might be confusing are explained but general knowledge is presumed.
Who Should Attend
- Customs Compliance
- Supply Chain
Why Should Attend
“Ignorance is no excuse”. All US Imports are legally responsible and liable for knowing, understanding, and properly applying all applicable laws and regulations under the US Customs Modernization Act (the “Mod Act”) under the “reasonable care” legal standard.
This session will help you identify those sections and areas of the potentially-daunting Code of Federal Regulations (“CFR”) Title 19 that applies to all US Imports. Further, if there are areas that are not highlighted, you will have the opportunity to ask your specific questions of our expert presenter.