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Overview:
This course will provide an in-depth exploration of critical areas in international trade and customs regulations. The training will cover the World Trade Organization (WTO) Trade Facilitation Agreements, the implications of various Free Trade Agreements (FTAs), the significance of Harmonized System of Nomenclature (HSN) classification, and recent digital initiatives by Indian Customs. Additionally, it will delve into customs valuation, bonded warehousing, the regulation of dual-use goods, and audit and investigations by Indian customs authorities. The overall purpose is to equip participants with the latest knowledge and practical insights needed to navigate the complexities of global trade and compliance.
Objectives:
- To provide a comprehensive understanding of WTO Trade Facilitation Agreements and their impact on Indian trade.
- To clarify the implications of various trade agreements, including FTA, PTA, CECA, CEPA, and CAROTAR, on businesses.
- To highlight the significance of HSN classification in compliance and customs procedures.
- To examine the genesis and practical challenges of customs valuation rules in India.
- To explore the management of bonded warehouses and the export control of dual-use goods.
- To prepare participants for audits and investigations by Indian customs and other authorities.
By the end of the training, participants should be able to:
- Navigate and leverage the benefits of WTO Trade Facilitation Agreements.
- Understand and apply the rules of origin and the implications of various trade agreements in their business operations.
- Accurately classify goods using HSN codes and understand the associated rules and international guidelines.
- Handle the practical challenges related to customs valuation and ensure compliance with Indian customs regulations.
- Effectively manage bonded warehouses and adhere to export control regulations
- Prepare for and respond to customs audits and investigations with confidence.
Targeted Participants:
This training is most beneficial for professionals involved in international trade, compliance officers, logistics managers, customs brokers, legal advisors specializing in trade, and senior management in companies engaged in export-import activities. Participants with a basic understanding of international trade laws and customs procedures will gain the most from this session.
Contents:
Day I
Session 1: WTO Trade Facilitation Agreements and Recent Digital Initiative by Indian Customs
- Overview of TFA
- Impact of Digitalization on Indian Customs Procedures
Session 2: Rules of Origin, FTA/PTA/CEGA/CEPA/CAROTAR Implications
- Understanding the Role of Origin in Trade Agreements
- Impact of CAROTAR on Importers and Exporters
Session 3: Significance of HSN Classification of Goods in India
- Aids Available for Classification
- Understanding Rules of Interpretation (GIR)
- Role of WCO/HS Committee
- Use of Explanatory Notes and Chapter Notes
Session 4: Emergence of Audit in India
- TFA Article 7.5
- Customs Audit Types and Methodologies
- DGFT
- Duty Drawback
Day II
Session 5: Genesis of GATT Valuation
- Fundamental Valuation Concepts
- Indian Customs Valuation Rules – Overview
- Case Studies on Rule 10/12
Session 6: MOOWR, Bonded Warehouse, and EOU
- Overview of MOOWR and Its Benefits
- Managing Bonded Warehouses and EOUs
Session 7: SCOMET – Export Control of Dual-Use Goods, ICP, and FTP Chapter 10 Changes
- Understanding SCOMET and Its Impact on Trade
- Recent Changes in FTP Chapter 10
Session 8: Audit and Investigations in Customs and Other Authorities in India
- Customs Audit Procedures
- Handling Investigations
Speaker Profile: Ujjwal Basu – Business Strategic Specialist
23+ years of learning in Commercial negotiations, Procurement, Vendor Management, Supply Chain, Production Planning, Logistics, Purchasing, Warehousing, Sales and after sales. Domestic and Global, Lead – Asia Pacific team, exposure to Middle east, EU and US. Worked in varied Industries – Automobile, Media, ITES, Chemicals, Logistics, FMCG and Other Manufacturing. Worked in various Green and Brown field projects. Currently working as Business Consultant with Multiple organizations.
A highly impactful Strategic specialist, with diversified experience in Integrated Supply Chain Management and International Business acumen with various Industry knowledge viz. Automobile, Media, ITES, Chemicals, Green Mobility, Supply Chain and Other Manufacturing organizations having over two decades of experience in the field of Sourcing Management, Logistics, Value Chain, Inventory Management, Plant Operations, Production Planning, Brand, Customer Relationship Management and handling multiple green field projects. Experience of handling Domestic, Asia Pacific, Middle East and US territories. Worked in top Indian and Global brands like ABP Pvt Ltd, General Motors India, Tata Motors, Avaya India, Johnson Matthey India, Fogla Corp. Contributed in business strategy formulation and achieving volumetric business growth, business process reengineering and change management, supplier consolidation and cost optimization.
Delivery: ZOOM Meeting
