How to Create, Balance and Maintain a Successful First Sale Duty Savings Program
Webinar: 1 CCS Credit
The First Sale Rule allows import duties to be based on the first sale between the manufacturer and a middleman/vendor rather than the sale between the vendor and the importer. Every successful First Sale program is supported by three essential elements: the right vendor, the right people (e.g., customs compliance, sourcing and legal), and the right mindset for structural flexibility and continued compliance. This webinar will discuss each of these elements with the aim of helping you create, balance and maintain a successful First Sale duty savings program.
Mark 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. With regard to exports, Mr. Segrist has experience ascertaining ECCNs and OFAC licensing requirements for U.S. exporters.