companies trying to improve their bottom line should look closely at harmonized tariff schedules
, according to Alexander Koff, Esq., a partner at Whiteford, Taylor & Preston who co-chairs the Baltimore-based law firm's international practice.
Understand the rules that are required to classify products in the Harmonized Tariff Schedule
. Minimize errors in classification and better prepare companies for import/export audits from the government.
THE HARMONIZED TARIFF SCHEDULE
of the United States (HTSUS)(1) classifies goods based on a variety of attributes, such as name, use or material in its makeup.
Finally, the ITC maintains the Harmonized Tariff Schedule
, which Customs Services uses to assess the correct tariff on imported goods.
The basis of this proposed rule is the Harmonized Tariff Schedule
of the United States, which categorizes all products imported into the U.S.
The United States' own Harmonized Tariff Schedule
(HTS) has been revised to reflect hundreds of revisions to 83 chapters.
The ruling categorized the product under subheading 2103.90.9060 of the Harmonized Tariff Schedule
of the United States (HTSUS), which has since been renumbered as subheading 2103.90.9091.
Products are classified by the Harmonized Tariff Schedule
The authority for modification of a quantitative limitation previously established for the refined sugar TRQ is in the Harmonized Tariff Schedule
of the United States.
For customs duty purposes, the generator is classified as "other than a generating set" (Harmonized Tariff Schedule
of the United States [HTSUS] 8501.64.00) and is assessed a customs duty rate of 2.9 percent.
It also includes complete and current custom rulings, the Harmonized Tariff Schedule
, relevant CFR titles, WCO explanatory notes, the U.S.