Using Customs Laws to Boost Your Bottom Line
Webinar 1 CCS Credit
When filing our income taxes each year, we all look for any available credits, deductions, or loopholes that will help us minimize our taxable liability or maximize our refund. Similarly, importers should be aware of the strategic savings opportunities that exist under the U.S. customs laws.This webinar provides a basic roadmap for importers to evaluate their customs transactions and supply chain operations to help identify current savings opportunities and set the groundwork for future savings.
- Customs Bonded Warehouses and Foreign-Trade Zones (“FTZ”)
- Duty Drawback claims and sharing agreements
- First Sale Valuation and the Reconciliation Entry Program
- Free Trade Agreements (“FTA”) and Preference Programs
- Legislative solutions and HTSUS Chapter 99
- Tariff Engineering and HTSUS Chapter 98
- Temporary Importations under Bond and Carnets
MARK J. SEGRIST is a member of Sandler, Travis & Rosenberg, P.A., resident in the Chicago office. His practice is focused primarily on import and export trade law and assisting clients in acquiring duty-saving benefits under the First Sale Rule. With regard to imports, Mr. Segrist’s practice focuses primarily on providing strategic advice and counsel to a wide range of multinational clients on international trade and customs law matters, including classification, valuation, product marking and labeling, prior disclosures, penalty mitigation, CF-28/29s, protests, corporate manuals and training, C-TPAT certification and validation, and merchandise qualification for duty-free treatment under free trade agreements and other trade preference programs. He also has extensive experience assisting clients in properly structuring multi-tiered transactions to maximize lawful duty savings under the First Sale Rule. With regard to exports, Mr. Segrist has experience ascertaining ECCN and OFAC licensing requirements for U.S. exporters.