Trade- Import Processes

Trade- Import Processes

1. Import in Colombia

   • To carry out the importation process in colombia
     • A document must be presented at customs
       • Andean declaration of value
         • The information that refers to the commercial operation is cosigned
           • Used to the to determine the costums value of the import transaction
             • Must be presented if the merchandise exceeds the value of $ 5,000
             • It is determined by adding the value of the invoice plus freight and insurance costs of the merchandise
       • According to the regime established by the national customs office
         • Import license
           • Goods that are subject to the previous license regime
         • Import Registration
           • Goods that are part of the free import regime

2. Lectura 1 Export/Import procedures and documentation pp. 237-279

   • Importing: preliminay considerations
     • Products
       • Some products are subject to special import restrictions, permits, licenses, standars and/or procedures
       • For what is the product made for?
         • The appropiate method of manufacturing, marketing, the appropriate purchase and import documentation, the appropiate procedures for importation and the treatment under U.S law , incluiding U.S. customs law
   • Volume
     • What is the quantify of the product?
       • Large quantities may require more formal international purchase agreements; more formal methods of payment, special shipping, packing, and handling procedures
       • Small quantities may be imported under purchase orders and purchase order acceptance documentation
   • Country Sourcing
     • Identify what country could buy the products
   • Identification of suppliers
     • The importer should ascertain the business reputation and perfomance of the potential supplier
     • Once you have your potential supplier, it is important to obtain a credit report
   • Compliance with foreing law
     • 1. Foreing export controls
       • Therm may be other documents that the supplier must provide to its own government in order to obtain an export license
     • 2. Exchange Control Licenses
       • The foreign exporter will need a license in order to convert U.S dollars to receive from the U.S importer into its local currency to obtain payment
     • 3. Export Quotas
       • the importing country establishes quotas for imported products.
         • Sometimes these export visas or export rights are auctioned in the foreign country, and a potential exporter must participate in the government auction at the correct time in order to get an allocation for the coming year.
   • Some U.S. customs consideration
     • 1. Utilization of customs brokers
       • It depends of the amount of imports the importer will have, and the number and expertise of its own personnel
     • 2. Importation Bonds
       • This is to guarantee that all customs duties, customs penalties, and order charges assessed by customs will be properly paid
         • Single Transaction bond
         • Continuos bond
     • 3. Ports of entry
       • It must be specified the port, the transportation and the place of arrival
   • Import, Packing, and Labeling
     • Different Packaging is often required to withstand the rigors of international transportation on to ensure that the importer is going to receive the products in and undamaged condition

3. The World Customs Organization

   • It was established in 1952 as the customs co-operation council
     • This is the only international organization with competence in costumes matters and can rightly cold itself the voiced of the international customs community
   • Profile
     • The WCO technical assistance and training service provided either directly by the secretariat
       • Instability and the ever-present threat of terrorist activity
   • The international customs day is celebrated on January 26 th
   • The Harmonized Sistem
     • It comprises about 5,000 commodities groups; each identified by a six-digit code, arranged in a legal and logical structure and is supported by well- defined rules to achieve uniform classification.
     • Over 98 % of the merchandise in international trade it's classified in terms of the HS
     • It is also used by governments, international organization, and the private sector