For any commercial importer VAT is a must and any mistake will result in big loss in business and long term hassle. Corporate Academy has designed this unique course to make the life of importers easy.
Course Content
- Day-1: Overview of International Trade and Commercial Management.
- Day-2: The Customs Act 1969, functions and objectives of Bangladesh Customs
- Day-3: Customs Assessment & Clearance Procedure for Export-Import functions.
- Day-4: HS Code & Classification Rules
- Day-5: Major customs procedure, Offence, Penalty & Appeal under customs act -1969
- Day-6: Bonded Warehouse System & Bond License Rule
- Day-7: Export commercial functions & documentation, Trade Finance & Export Proceed Realization.
- Day-8: Import Commercial Functions and Documentations & Import Bill Payment and Working Capital Management.
Course Duration
- Total Class : 8
- Time: 08:00 PM - 10:00 PM
- Class Duration : 2 Hrs+30 minutes Q/A session
- Day : Friday and Saturday
Course Details
- Brief overview of the Importance of International Trade to the global economy.
- international and Regional Agreements Affecting Trade. The GATT and WTO, The Uruguay Round, and WTO. The North American Free Trade Agreement (NAFTA) & The European Union (EU), Regional Integration Agreements (RIAS)
- Export & Import Business Governance in Bangladesh by the Export Policy Order 2018-2021 and Import Policy Order 2015-2018.
- Incoterms and their necessity in international Trade & Commercial activities.
- Detailed discussion on Issuing Bank, Advising Bank, Confirming
Bank & negotiating Bank, lien Bank. - Management and Mechanism for L/C, Master LC, Back to Back LC,
Transferable L/C, UPAS L/C , etc. Clean Payment, Advance & T/T Payment - Discussion of different international payment methods, SWIFT code and other payment gateway and Risk in Foreign Trade.
- Basic knowledge about LCL & FCL Cargo, Feeder Vessel & Mother vessel
- Concept of Customs, its mission, and role.
- Impact of tariffs on the Bangladesh economy
- Organizational Structure of customs.
- Functions of customs and its judiciary.
- Customs act 1969 with SRO preparation and necessary amendment.
- Main features of customers act
- Introduction of Customs Act-1969
- Customs Assessment Procedure.
3. Provisional, Final & Re-assessment. - Role of Customs to facilitate Import & Export.
- Various Duty Rates at Import Stage.
- IRC, ERC, IP, CP, PI,
- Export & Import Procedure
- Import and Export Policy Order
- C&F agents and their responsibilities
- Import banned items & Export banned items
- The definition, necessity and impact of HS CODE in international trade.
- Classification of Goods (H.S. Code)
- Significance of H.S. Code.
- General Rules for Interpretation (GRI).
- Incoterms in International Trade.
- Valuation of Goods (Import & Export).
- Auction
- Calculation of Duty and Taxes.
- Case Study (Duty- Tax Calculation)
- Clear idea on WCO (Worlds customs Organization) concept
and instrument and RKC (Revised Kyoto Convention) - Assessment of goods
- Role of Customs intelligence and investigation dept.
- PCA-Post clearance Audit
- Common offenses and penalties
- Adjudication procedure
- Appeal authority
- ADR (alternative dispute resolution
- Concept of warehouse and Bonded Warehouse System in BD.
- Supervised & Diplomatic Bonded Warehouse.
- General Bond & Special Bond.
- Home Consumption Bond.
- Deemed Exporter under Bond.
- Utilization Declaration (UD)
- Utilization Permission (UP)
- Bond License Rule.
- Untrue Statement (Misdeclaration).
- Fine and Penalties under Customs Act.
- Adjudication and Appeal
- Alternative Dispute Resolution (ADR)
- Advance Ruling (AR).
- Authorized Economic Operator (AEO)
- In-Bond & Ex-Bond rules.
- Bond Warehouse Management (Recording/filing) process.
- Export, Direct Export & Deemed Export and their
commercial management. - Export Sales Contract and Types of Latter of Credit and its area of
application in Export (Export LC or Master L/C, Back to Back L/C) - Fundamental documents in Export management like PO, PI, Export LC,
BTB LC, CO, Commercial Invoice, Packing list, Mushak 6.3, Proceed
Realization Certificate (PRC) - Essential Documents for Export Commercial like Export Permission (EXP),
Inspection Certificate (IC), Bill of Lading (BL) or Airway Bill, Bill of
Exchange (BOE), - Payment terms against Sales against L/C (Document At sight & Deferred
Payment 60 Days, 90 Days, 120 Days, 150 Days & 180 Days Sight). - Shipment against Direct Export, Foreign Export Documentation, Export
Bill Management (Document Negotiation/ Bill Discounting), and Export
Proceed realization procedure. - Deemed Export (Local delivery of Goods or Service against Foreign
Export LC on Foreign Currency), It’s Documentation, Doc’s Acceptance
(Part Acceptance, Bank Acceptance), Payment collection on maturity
- Overview of Import, Import against Commercial IRC & Industrial
IRC and Import related commercial functions. - Important clauses and precautions to be considered for opening an L/C
- Required Documents to open Import L/C. based on Price Quotation, PO,
PI, LC Application (LCA), Insurance cover note, LC amendment and
necessary consideration, Bill of Entry, and Bill of Export. - Types of Import pricing like FOB, CFR, CIF, C&F Chittagong, etc and
Payment system. - Brief discussion on different types of Payment against Import Bill like
UPAS, EDF, LATR, PAD, At Sight, Deferred Payment, and Working
Capital Management. - Import goods released after assessment and payment of Duties & Taxes
Shipping & Port Charges through C & F agent, Transport & Carriage In
A word, Goods receiving in Store through QC or MRR. - Calculation of Landed Cost on Imported Items in the case of Single items
and More than one or Multi Items.
This Course Is Best For
✔Head of Sales ✔Import Export Executive, ✔Commercial Officer, ✔Executive director and CEO, ✔Production Officer, ✔CA & Law Firm, ✔Supply Chain Manager, ✔Supply Chain Executive, ✔Joint Director, ✔Logistics Manager, ✔Executive VAT, ✔Business Development Manager, ✔Finance Secretary, ✔Health and Safety Executive, ✔Head of Finance and Operations, ✔Business Owner, ✔Banker, ✔Advocate, ✔Income Tax Lawyer, ✔CA Students, ✔Business graduates, ✔LLB Students, ✔Deputy General Manager (DGM).
Benefits of this Program
- Understanding the basic procedure of International Trade, Customs & Commercial Management
- HS code and its proper use.
- Facts to consider while doing export/import
- Proper calculation of duties and taxes.
- Complete bond license procedure and many more