Description
Advance Rulings provide certainty and speed up customs clearance.
Avoid possible negative impact from U.S.-China Trade Dispute and risk of “False Declaration of Origin”.
U.S. Advance rulings are legally binding written decisions by U.S. Customs and Border Protection at the request of the person concerned on specific particulars, classification, origin, origin markings, valuation, etc., in relation to the intended importation of goods into the United States.
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The United States Customs and Border Protection’s (CBP) Advance Ruling program is intended to provide the international trade community with a transparent and efficient means of understanding how CBP will treat a particular import once it arrives in the United States. This event will provide an introduction to the Advance Rulings process and also explain how VCCI and AmCham will help firms in Vietnam request an Advance Ruling.
What is an Advance Ruling? A U.S. CBP Advance Ruling is a written decision in the form of a letter issued by the CBP Office of Regulations and Rulings pursuant to 19 CFR Part 177 that tells the requester how CBP will treat a good or conveyance when it is imported into or arrives in the United States. In other words, the ruling letter may discuss the appropriate tariff classification, country of origin marking of the good, the country of origin for purposes of determining the duty rate of a good, etc. In order to distinguish rulings from the other types of decisions CBP issues, we often refer to these as prospective rulings. The purpose of a prospective ruling letter is to enable the trade to make business decisions that are dependent on how their goods will be treated on importation. Once issued, a prospective ruling is something on which you as a member of the trade can rely and depend on wherever your goods are imported in the United States. It is an important trade facilitation measure. In fact, the United States, together with a number of its trading partners, has proposed that all World Trade Organization (WTO) members commit to issuing advance rulings.
Learn all about U.S. and Vietnamese Advance Rulings at this workshop.
Vietnam is just beginning to establish an Advance Rulings system, one of the commitments in the WTO Trade Facilitation Agreement. In addition to expediting customs clearance, the legally binding advance rulings can provide you with certainty in the “Post-Clearance Audit” process. HCMC Customs Department Officials will explain the procedures, assisted by Nestor Scherbey, a licensed U.S. CustomsHouse Broker.
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