Innovative Strategies in Using Assists – Planning Ahead for Maximum Duty Savings
Webinar: 1.5 CCS Credits
Assists, whether in the form of materials, tools, designs or otherwise, have often become a tricky proposition for companies providing them to manufacturers. Fortunately, a small amount of proactive planning can result in big duty and time savings when considering assists in the context of global transactions. In this webinar we will discuss and map out a process you can use to ideally manage assists.
•identifying items or services that may not be assists
•benefitting from the best options to apportion and amortize assists
•structuring research/development and testing/engineering to avoid assists
•attributing assists to duty-free programs or drawback opportunities
•finding scrap, waste and unused inventory opportunities
•converting assists to comprise part of the price of the goods
•using post-entry amendments or reconciliation to minimize duties
•creating essential internal processes and procedures
•effectively addressing CBP inquiries and/or audits
Lenny Feldman, a Senior Member of Sandler, Travis & Rosenberg, serves as customs counsel and global compliance and enforcement strategist to corporate clients around the world. While a senior attorney at CBP’s Office of Regulations and Rulings (1991-2000) he was responsible for issuing decisions and training CBP officials implementing and enforcing the U.S. government’s import and export programs, relating to multiple federal agencies. Mr. Feldman currently serves as one of 20 members of the Commercial Customs Operations Advisory Committee, where he co-chairs the Trade Modernization Subcommittee.