National Chamber Workshop on ‘Import Procedures’ to be held on September 20 | Daily News

National Chamber Workshop on ‘Import Procedures’ to be held on September 20

A full day Workshop on Import Procedures will be held on September 20, 2018 from 8.30 am to 4.30 p.m at the Chamber auditorium No 450 D. R Wijewardene Mw, Colombo – 10.

The workshop is designed for those who are involved in importing, buying and sourcing from overseas. It provides an overview of the principles involved in successful importing, tips on how to avoid problems and ensure smooth running of contracts, profitably.

Subjects that would be touched on are: Introduction to Imports, Imports Planning, Determining Imports Requirements, Introduction to International Trading, Sales Contract, Imports Restrictions, Terms of Sale, Incoterms - Purpose and Scope, Payment Terms with regard to Imports: Agreement of Payment Terms: a review of the impact of each type (including Letter of Credit and Document Collections) on import payment, Customs Imports Procedures and Documentation, Classification of Imports Documents, Clearance of Commercial Cargo through Customs - Sea Cargo and Air Cargo, Free Trade Agreements, WTO Goods Valuation Agreement, WTO Trade Facilitation Agreement (TFA), Goods Classification and Harmonized Systems. A valuable certificate will be issued to each participant at the end of the session.

Participants will have a an understanding of the necessary skills to ensure due diligence, seek quotations and place orders efficiently, ensure correct documentation for customs clearance into Sri Lanka including VAT compliance and complete costing to ensure profitable trading.

It will be beneficial for those involved in sourcing goods from overseas, including sales, purchasing, production and accounts staff. It also provides a good overview necessary for senior managers who have to delegate responsibility.

The resource person will be T. Raviendrarajah, Deputy Director of Customs, Sri Lanka Customs who has over 30 years of experience at Sri Lanka Customs in various departments.


 

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