Customs: Exploring the Benefits and Navigating Criteria of Rules of Origin
Duration: 1 hour
Price: R99.00
This is part of a series
Read more about seriesCustoms: Exploring the Benefits and Navigating Criteria of Rules of Origin
Presenters : Sipho Mhaga
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Overview
Have you ever come across the concept of "preference" in international trade? It's like rolling out the red carpet for certain products based on their place of origin. When your products comply with the origin rules outlined in a Trade Agreement, it opens the door to reduced tariffs, more relaxed import quotas, and advantageous trade terms.
To put it simply, adhering to the origin criteria in an agreement grants your product a "preference." This means you'll be paying lower tariffs compared to goods that don't meet these qualifications.
Embarking on a journey to explore the significance of Rules of Origin and learning how to effectively navigate their criteria can be an informative experience. In this video, we will delve into the benefits that Rules of Origin offer and provide practical guidance on successfully navigating their criteria.
Join our video, as we dive into the details, guiding you on how to leverage these benefits to your advantage.
Video Content
- Unpacking the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade (GATT) 1994, also known as the WTO Customs Valuation Agreement.
- Why is a customs value necessary?
- Is the customs value used for any other purpose other than import duty?
- How to source the correct legislation covering the customs valuation?
- How is customs value calculated as well as the various methods of customs valuation, in descending order of precedence?
- Commentary analysis on the Customs value of imported goods.
Competencies developed in this video
- Gain an eloquent understanding of the various international agreements in place that govern the calculation and valuation of customs.
- Understand the purpose of customs valuation and where else these values can be applied.
- Obtain insights into the latest accurate customs legislation.
- Acquire the ability to practically implement the six stages of customs valuation in their descending order of precedence.
- Comprehend the Customs Valuation Database and how SARS makes use of it to reduce the likelihood of incorrect valuations or fraud.