Classifying Your Products for International Trade: Plain Talk and Understanding
October 28 @ 10:00 am - 11:30 am CDT$149
Importers must know how to classify imported products using the Harmonized Tariff Schedule of the United States (HTSUS).
By becoming knowledgeable of the Harmonized System (HS), importers will know how to use the HTSUS properly.
Exporters knowledgeable about the HS will understand how to use The Schedule B (also known as the Statistical Classification of Domestic and Foreign Commodities Exported from the United States) properly.
Knowledge of the HTSUS and Schedule B is necessary:
- To determine applicable import tariff rates and whether a product qualifies for a preferential (that is, reduced or free) tariff under a free trade agreement
- To permit the accurate filings of import entries with U.S. Customs and Border Protection
- For exporters, to file accurate the Electronic Export Information (EEI) filings with the U.S. Government
- To accurately complete shipping documents, like import and export invoices
- To keep importers, exporters, and others in the international supply chain secure and happy
- To stay out of trouble with U.S. Customs and Border Protection, the U.S. Census Bureau, and the Bureau of Industry and Security
- To avoid import and export clearance delays and possible seizures of imported and exported products, as well as the loss of customer good will
- To avoid costly and aggravating fines and penalties