Importing - IIEI-129

Course Description: This course provides a general understanding of the strategic management of importing goods from other countries. It focuses on structure of the import transaction in terms of planning, documentation, configurations, legal requirements, and duties. Students are introduced to terms of sale and concepts of negotiation. It is intended for those in sourcing, purchasing, logistics, import clearance, and other aspects of importing. It reviews import topics from the commercial as well as regulatory side. It is not country-specific, and so is designed to be applicable to students from all countries.

Prerequisite: None

Course Credit: 3 Credit Hours

Major Course Topics & Course Outcomes

As a result of the group and individual activities included in this course, the student will acquire the following knowledge and skills that can be applied to the workplace: 

• To develop a working knowledge of importing. This includes but is not limited to:

• integration of sourcing, purchasing, logistics, Customs clearance, and marketing functions with outside Customs Brokers.

• costing out imports, including transportation, duties, fees, taxes.

• functions and value-added of outside Customs Brokers.

• classification of goods according to the core Harmonized Tariff Schedule and the student's own country-specific HTS.

• valuation of imported goods for Customs entry.

• marking and "other agency" requirements.

• concepts of antidumping and countervailing duties, prohibited articles,  Foreign Trade Zones, bonded warehouses, drawback, free trade agreements and customs unions.

 

Course Materials:

There is no textbook for this course.

The required reading for this course consists of the weekly lectures. Reference material is provided via public websites at no cost to the student.