Course in Foreign Trade (Volume 11) - Softcover

Inhaltsangabe

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916. Excerpt: ... Customs Organization and Administration THE student of foreign trade will find that many of the principles of export trade are paralleled in the import business. He will find that the principles remain the same though the process of em-ploying them is reversed. Thus, the finan-cial department will be accepting and meet-ing drafts, not drawing them; the shipping department will be receiving goods, not shipping them. Even the buying and selling departments will be working along lines, in both businesses, that are similar. When we come to the customs regulations of the United States and the requirements which they make of importers, we are met with problems entirely new. On export shipments the Customs Details,., Present New Problems foreign receiver attends to getting the articles through the foreign customs. In the import trade the American buyer must attend to this. He needs a thorough knowledge, not only of the customs procedure, but of customs organization and administration. The Customs Service regulates incoming trade into the United States proper and into the Hawaiian Islands, Porto Rico and Alaska. The customs administration of the Philippine Islands is under the jurisdiction of the Department of War, and of the islands of Guam and Tutuila under the jurisdiction of the Navy Department. The Customs Service not only has charge of the collection of duties on imported merchandise, but also attends to the entry and clearance of all vessels and cargoes. Revenue cutters to patrol the coasts and customs patrols on the Mexican and Canadian borders are also part of the service. The bonding of imported merchandise, the tonnage measurement of vessels, the collection of tonnage taxes and the survey and inspection of cargoes are some of the functions of the Custo...

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