Import Procedures

Module 6

This module aims to develop knowledge from research activities to gain an understanding of international trade theory, global economic development and growth, currency and exchange rates, trade policies and their impact on an organisation, free trade agreements, direct investment from financial sources outside the UK, tariffs and no trade barriers, supply chain and logistics, intercultural management and international law and treaties.

Agenda

Module 1

• Import basics.
• The process of importing
• Methods of payment
• Responsibilities of importers
• CDS

Module 2

• Import entry.
• Import procedures.
• Import documentation

Module 3

• Commodity codes
• Preference and non-preference
• General Systems preferences.
• Authorised Economic Operators

Module 4

• Letters of credit
• Sources of Finance
• Special procedures
• Deferment accounts
• Postponed VAT

Examination:
Certificate on completion and Pass on Multiple Choice
Multiple choice questionnaire
Credits: 5