Inward & Outward Processing (IP&OP) (Training)
Tue, 24 Sept
|Virtual Online Training
Unlock the secrets of Inward and Outward Processing with our dynamic, hands-on training. Master customs special procedures and boost your confidence in running these special customs procedures in just four hours!
Time & Location
24 Sept 2024, 13:00 – 17:00 BST
Virtual Online Training
About the event
About The Event
This training will help you avoid costly mistakes when transporting goods for processing, repair, or service by ensuring you use the correct customs procedures. Mastering Inward Processing (IP) and Outward Processing (OP) can lead to significant cost savings, but they require precise implementation and management. Our four-hour live certificate course, delivered by an expert in real-time online, is designed to enhance the skills of professionals working with IP and OP procedures. This training will deepen your knowledge and build the competencies necessary for proficient customs management, equipping you with the expertise needed to navigate these essential procedures effectively.
Why Does This Training Matter?
Exporting or Importing goods for processing, repair, or service can result in significant and unrecoverable expenses if not managed with the appropriate customs procedures. Properly implementing the Special Customs Procedures “Inward Processing (IP)” and “Outward Processing (OP)” can lead to substantial cost savings, but they require precise setup and management. This training will explore the correct application of these procedures, ensure compliance, and offer guidance on their effective use. It is perfect for those already using IP/OP or those seeking to deepen their understanding of these customs special procedures.
Training Objectives
- Develop a comprehensive understanding of Inward and Outward Processing procedures and how the interlink and complement each other.
- Appreciate in which scenarios IP and OP should and can be used and when it is less recommended or appropriate.
- Learn to apply current customs legislation and regulations as regards these Special Customs Procedures effectively.
- Acquire practical skills for applying for Inward and Outward Processing procedures successfully
- Familiarise yourself with necessary management of IP and OP documentation and discharge procedures.
- Understand ways to us IP/OP without a formal authority (and how to go about it): Authorisation By Declaration
- Discover “Returned Goods Relief” as an alternative to IP or OP and understand the differences.
Who Will Most Benefit From This Course
- Future & Current Users of IP/OP: This course is designed for anyone currently using or considering Inward Processing (IP) and Outward Processing (OP) for their business.
- Customs Managers that will use IP/OP: Experience customs manager with import/export knowledge and having to implement or run IP/OR will enhance their capability to oversee and manage these customs special procedures effectively, ensuring streamlined operations and compliance.
- Import and Export Professionals: Essential for maintaining compliance and boosting the efficiency of your trade activities using IP/OP, leading to significant cost savings and less hold ups.
- Customs Agents: Important for mastering Inward and Outward Processing procedures to deliver accurate and reliable services to your clients.
- Advisors and Consultants: Valuable for equipping you with the knowledge to offer expert advice on IP and OP, improving the guidance you provide to your clients.
- Sales, Supply Chain, Accounting/Finance, and Shipping Professionals: Beneficial for all professionals involved in related fields, as understanding these customs procedures enhances overall trade efficiency.
What We Will Cover In This Course
- IP/OP Overview: Gain a foundational understanding of IP/OP, including key regulations and compliance requirements.
- Completing an IP Application: Learn the necessary steps and documentation for submitting an Inward Processing (IP) application, including forms and compliance requirements.
- IP Discharge Procedures: Understand the processes for discharging IP liabilities, including Bill of Discharge (BOD) requirements and Entry into Declarant Records (EIDR).
- IP Disposal Procedures: Explore procedures for disposing of goods, such as exporting repaired or replacement items, scrapping, and transfers to other regimes.
- Completing an OP Application: Learn the necessary steps and documentation for submitting an Outward Processing (OP) application, including forms and compliance requirements.
- OP Discharge Procedures: Understand the processes for discharging OP liabilities, including Bill of Discharge (BOD) requirements
- Authorisation By Declaration: Discover simplified authorisation methods, including their scope and security measures for managing duty and VAT (IP).
- Returned Goods Relief (RGR): Assess whether RGR can serve as an effective alternative to Inward Processing (IP) for handling returns.
- Economic Test: Delve into economic test rules, and understand their implications for IP and OP approvals
- Financial Guarantee: How to get a financial guarantee and for how much.
- Handling IP with Other Traders: Learn about managing transactions and transfers with other traders, including internal processes and changes in transit regulations.
- Customs Authorities' Role: Understand the responsibilities of customs authorities in enforcing and overseeing compliance with customs procedures.
- Record Keeping and Reporting Obligations: Discover best practices for maintaining accurate records and fulfilling reporting requirements.
- Review of Other Duty Relief Regimes: Explore additional duty relief regimes and special procedures relevant to your operations.
The course will include explanations of terminology, interactive exercises, and quizzes to reinforce your understanding. We will also incorporate 'Pause & Reflect' sessions to assess comprehension and foster discussion. Active engagement is encouraged to fully benefit from the course. Each participant will receive detailed course notes and a glossary of key terms for future reference.
What You Will Walk Away With
- In-depth Understanding: Gain a thorough grasp of Inward and Outward Processing procedures.
- Certificate: Demonstrate your proficiency in managing customs processes.
- Full Slide Deck: Use detailed slide decks as a reference for your work and training.
- Supportive Material: Access additional resources like jargon guides, checklists, and a glossary for ongoing support.
Testimonials
"An invaluable course packed with practical insights that will greatly aid our Inward Processing applications." – Jane Doe, Trade Compliance Specialist
"Clear explanations and a comprehensive overview of customs processes with well-timed breaks." – Tom Smith, Customs Advisor
Trainer/Instructor
Arne Mielken is a distinguished expert in customs and global trade, with extensive practical experience and a background in effective teaching. Known for his engaging style, Arne ensures an enriching and interactive learning experience. For more about Arne, view his biography hereand see his teaching style on our YouTube Channel. If Arne is unavailable, a qualified colleague may substitute.
Expected Outcomes of the Training
After the training, participants will have acquired:
- Comprehensive Understanding of IP/OP Procedures
- Proficiency in IP/OP Application Processes
- Expertise in IP/OP Discharge Processes
- Insights into IP/OP Disposal Procedures
- Understanding of Simplified Authorisations
- Evaluation of Returned Goods Relief
- Familiarity with Economic Test Rules
- Knowledge of Financial Guarantee Procedures
- Skills for Managing Transactions with Other Traders
- Awareness of Customs Authorities' Responsibilities
- Grasp of Best Practices for Record Keeping and Reporting
- An Overview of Additional Duty Relief Regimes
Are the times and dates not suitable for you and your company?
Call +44 79 14 650 183 or e-mail info@customsmanager.org to discuss your requirements.
Do you prefer in-house training?
Call +44 79 14 650 183 or e-mail info@customsmanager.org to discuss your needs. We are happy to accommodate you.
Why Our Training is Unique
Our focus on practical application and interactive learning sets us apart. We prioritise equipping you to apply your knowledge in real-world scenarios. Our expert instructors encourage reflection, dialogue, and active participation throughout. You'll engage in hands-on activities led by seasoned professionals, ensuring a valuable and immersive learning journey.
Booking and Practical Details
- Course Format: Online, using Zoom (Please ensure your Zoom is updated with the latest version)
- Course Duration: 4 Hours
- Course Dates: Various; see website
- Course Delivery: Live training, delivered online in real-time
- Booking: Use the online form, call +44 79 14 650 183, or e-mail info@customsmanager.org
- Terms and Conditions: Please review our terms and conditions before signing up.