Full day In-person Seminar: Harmonized Tariff Schedule and Schedule B Seminar (Trade And Logistics)
|Event Date/Time: Oct 18, 2012||End Date/Time: Oct 18, 2012|
The World Customs Organization made its 5 year update to the Harmonized Tariff Schedule (HTS) in 2012 with 220 sets of amendments!
The Harmonized Tariff Schedule (HTS) is used by over 200 countries, territories, or customs unions around the world to assign a number to each product to establish the appropriate duty that should be paid when goods are imported into a country. The HTS is also used to determine whether goods are subject to quotas or free trade agreements. Proper classification is also vital for establishing eligibility under many free trade agreements, ie. completion of the NAFTA Certificate of Origin for trade between U.S., Canada, and Mexico as well as trade agreements between the U.S. and Chile, Singapore, Australia, and the Central America-Dominican Republic.
The Schedule B is unique to the United States and is used for reporting a number to the U.S. Census for exports from the United States to other countries.
This seminar will help to better understand, through simple examples and workshops, the rules that are required to classify products in the HTS or Schedule B. Importers or exporters can be subject to severe penalties if they use incorrect numbers for their imported or exported products. This seminar will assist in helping to minimize errors in classification of products and better prepare companies for import/export audits from the government.