Vroman 36 Spray December 2015 meets in Hilton Head… INCOTERMS define the tasks, costs, and risks involved in the delivery of goods from the seller to the buyer. They do say which party to the sale contract has the obligation to make carriage or insurance arrangements, when the seller delivers the goods to the buyer and which costs each party is responsible for. They do not deal with the transfer of property, title or ownership of the goods or the consequences of a breach of contract. There are numerous importer responsibilities. Most countries (particularly those who belong to the World Customs Organization) have basically the same import/entry requirements as the U.S., such as import documentation, valuation, Harmonized Tariff Schedule (HTS) classification, submission of entry and payment of applicable duties and fees. However, all have their own specific import/entry process. Some countries do not allow for a non-resident to act as the Importer of Record. Costs associated with importations into other countries include duties; duty rates tend to be higher than that of the U.S., particularly with lesser developed countries. Many countries assess Value Added Taxes (VATs) on imports, with rates generally ranging from 5-20%. Certain countries assess various other fees associated with imports, such as consumption tax, customs formality fees, excise taxes, etc. The U.S. has free trade agreements with various countries that can save significant duty liability. When importing into other countries, it is important to remember that there is no “regional” uniformity. While there are similarities, every individual country has its own laws, regulations and procedures that may differ slightly from others. When considering selling a product into a country (particularly when looking to act as importer), research that country’s specific details. The 35th annual Southern Aerosol Technical Association (SATA) Fall Conference met in September in Hilton Head, SC. The meeting offered an array of networking opportunities, social activities and two days of educational sessions. SATA’s Spring Meeting will be held March 17 in Atlanta, GA. To Export or Not Export Experts were on hand to comprise a panel under the heading To Export or Not Export, including Paul Vroman of DHL and Steven Hunt of Shipmate. Vroman presented Taxes/Tariffs & Regulations. If a company wishes to sell and export goods out of the U.S., then it must remember there are responsibilities (and liabilities) associated with being the exporter, which includes the filing of information and/ or ensuring compliance with the rules and regulations of various government entities. If you choose (and are allowed) to be the “importer” on the shipment into a foreign country, you will have responsibilities (and liabilities) associated with making entry into that country and paying any applicable duties, fees, and taxes. Government agencies that regulate exports include the U.S. Dept. of Commerce (Bureau of Industry & Security EAR); U.S. Dept. of State (Directorate of Defense Trade Controls ITAR); U.S. Dept. of the Treasury (Office of Foreign Asset Controls OFAC); U.S. Census (Foreign Trade Division AES); U.S. Dept. of Homeland Security (U.S. Customs & Border Protection Enforcement/Seizure, as well as other agencies depending on specific products being exported. The four questions to ask before exporting are: 1. What are you exporting and does it require a license? 2. Where are you exporting? Where is the ultimate destination country? 3. Who will receive your item? 4. What will they do with it / What is it to be used for? The 2016 SATA Fall Meeting will be held Oct. 12-14 at a new venue: The Marriott Grand Hotel Point Clear Resort & Spa, Point Clear, AL.
Spray December 2015
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