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Actividad 11 Evidencia 7 Compliance With Foreign Law
Actividad 11 Evidencia 7 Compliance With Foreign Law
Technology:
Business International
2104847
Sena
04/07/2020
Contenido
1. Industry standards
The countries of export destination may have absolute quotas on the quantity
of products that can be imported. Importation of products in excess of the
quota will be prohibited. Similarly, it is important to identify the amount of
customs duties that will be assessed on the product, which will involve
determining the correct tariff classification for the product under foreign law in
order to determine whether the tariff rate will be so high that it is unlikely that
sales of the product will be successful in that country, and to evaluate whether
a distributor will be able to make a reasonable profit if it resells at the current
market price in that country. It is especially important to confirm that there are
no antidumping, countervailing, or other special customs duties imposed on
the products. These duties are often much higher than regular ad valorem
duties, and may be applied to products imported to the country even if the
seller was not subject to the original antidumping investigation.
Some countries, such as Ethiopia, Belarus, Cambodia, Yugoslavia,
Kazakhstan, Lebanon, Liberia, Saudi Arabia, and Ukraine, do not fully adhere
to the GATT Valuation Code and may assess duties on fair market value
rather than invoice price. Another problem is ‘‘assists.’’ If the buyer will be
furnishing items used in the production of merchandise, such as tools, dies,
molds, raw materials, or engineering or development services, to the seller,
the importer of record (whether that is the buyer or the seller through an
agent) may be required to pay customs duties on such items, and the seller
may be required to identify such items in its commercial invoices.
Many countries have severe penalties for import violations; for example,
France assesses a penalty of two times the value of the merchandise, India
assesses a penalty of five times the value of the merchandise, and China
confiscates the merchandise. See appendix K listing web sites for foreign
customs agencies and tariff information. In any case, where there is doubt as
to the correct classification or valuation of the merchandise, duty rate, or
existence of assists, the importer (whether buyer or seller) may wish to seek
an administrative ruling from the foreign customs agency. This will usually take
some period of time, and the seller and buyer may have to adjust their
production and delivery plans accordingly. (A more thorough understanding of
the types of considerations that the buyer may have to take into account under
its customs laws can be gained by reviewing the similar considerations for a
U.S. importer discussed in chapter 6, section F).
3. Government contracting
Unlike the United States, many nations of the world have exchange control
systems designed to limit the amount of their currency that can be used to buy
foreign products. These nations require that an import license from a central
bank or the government be obtained in order for customers in that country to
pay for imported products. For a U.S. exporter who wishes to get paid, it is
extremely important to determine (1) whether an exchange control system
exists and an import license is necessary in the foreign country, (2) what time
periods are necessary to obtain such licenses, and (3) the conditions that
must be fulfilled and documentation that must be provided in order for the
importer to obtain such licenses.
6. Value-added taxes
7. Specialized laws
5. Elabore un gráfico con el cual explique los diferentes ejemplos de cumplimiento con
las leyes extranjeras, utilizando las preposiciones de lugar.
2). Elabore un resumen del texto utilizando los diferentes tipos de oración .
Compliance with
foreign law
When making exports, every American company must know the laws that can
influence its export. Therefore, it is a duty of the exporter not only to trust the
information that can be obtained from the client, but also to know the foreign law
The wrong information can have serious consequences when importing your
product or the resale is not profitable. Therefore, it is important to know the
following requirements:
1. Industry standards:
identify the requirements required to manufacture the product before shipping,
given the directives that the European community has put on some products,
such as toys, machinery, electronic devices, among others. In the event that the
product does not meet the minimum requirements, it is possible that seizures or
fines may be generated that may damage operating profits.
ISO quality bodies are increasingly important for European sales. Therefore, it is
necessary to rely on entities that contain or group the rules of foreign
governments by produc{t.
If these rules are violated, fines such as twice the value of the investigation
(France), five times the value of this (India) or confiscations as in China may
occur, which is why in the slightest doubt that is obtained on the Export is seeking
an administrative decision from the foreign customs agency, a process that
although
delays the production and delivery aircraft can be beneficial for both parties.
3. Government contracting:
any sale made to government agencies involves special procedures and
documents, although they may also qualify for customs duties or import license
exemptions.
6. Value-added tax:
these taxes apply to imported goods, therefore, customs duties must be paid plus
value added. When the importer marks and resells the products, he will collect the
tax from the buyer, which he must remit to the tax authorities after taking a credit
for the taxes owed for the import.
7. Specialized laws:
some regulations of the United States regulate all manufactured products before
entering into a sales agreement, quotation or delivery dates to a customer.
3). Grabe el audio en inglés, con el resumen elaborado en el punto anterior.
4). Identifique y clasifique las frases en sus diferentes tipos.
Declarative Sentence
Every American company must know the laws that can influence its export.
Imperative Sentence
It is necessary to have clear requirements.
It is necessary to be able to identify the minimum standards required in the
manufacture of the product before shipment.
Conditional Sentence
If these rules are violated, weekends may occur.
Generate export