Best Practices For Compliant Trade Operation
A compliance review is a critical part of a trade compliance program’s success. A fully compliant program looks to be proactive at identifying areas of risk, duty savings opportunities, and ensures compliance processes are efficient. For this to occur, an internal review of parts classification and entry documentation (such as certificates of origin entry/import declarations, export declarations and commercial documents) must occur. Additionally, a compliance review can help identify existing weaknesses in an organization’s compliance program and provide recommendations for changes needed for adherence to required government compliance regulations.