21 & 22 November 2017
8 Cross Street, PWC Building, Level 17
Any professional involved in the cross-border buying or selling of goods is touched by trade compliance considerations. Whether employed in supply chain operations, planning, procurement, or finance, the failure to understand and plan around import/export regulatory requirements can lead to unanticipated costs and a lot of wasted time. Product delays, stock-outs, emergency shipments, additional warehousing costs, and customs penalties are all common consequences of compliance failures.
Many businesses operating in Asia Pacific choose to have their logistics service provider (“LSP”) handle customs formalities at overseas borders; relying on their operational knowledge and relationships with customs officials. However, LSPs often lack technical training and the legal responsibility for customs compliance remains with the owner of the goods. Most customs authorities expect informed oversight over LSPs and customs brokers.
To equip Singapore based business professionals with the ability to take a more informed and pro-active role in the management of customs and trade risk in Asia Pacific, PwC will cover the following topics during this two-day workshop:
- Recognisingand monitoring customs and trade “hot spots” throughout thesupply chain
- Introduction to customs valuation, classification, and FTA compliance
- Understanding the trade compliance roles and responsibilities of the various businessfunctions, LSP, and customs authorities
- Essentials of customs rules and procedures in Asia Pacific
- Identifying opportunities for duty savings and cash-flow improvement across theregion
- Return on investment on trade compliance