A CHECKLIST FOR CUSTOMS
Product and Import
- Retain database of HTS codes for imported products and associated duty rates.
- Summarize, for each of the last 5 years, total value of imported goods and total duty payments
- Describe the method for determining Customs value (e.g. price paid, transfer price, domestic selling price less certain costs, etc) of imported goods and returned good
Audit
- List outstanding Customs audit issues (include description of issue, dollar amount in dispute, estimated chance of prevailing, estimated closing)
- Describe any Customs penalties, rulings, and investigations during the past five years
Policy
- Demonstrate compliance by producing a copy of a Customs Import procedures manual or an Internal Control Program (ICP) Manual
- Copy of current organization diagram
- List joint ventures and partnerships (description of activity, level of involvement with import)