How do you calculate HTS?
How do you calculate HTS?
If you don’t know the HTS Code of your product, you can try to determine the HTS Code using the general rules of interpretation (GRI’s) to find the HTS that best fits your product. There is a searchable function on the USITC site (shown below) or Flexport’s HS Code Lookup Tool.
What is HTS format?
U.S. HTS codes are 10 digits and are administered by the U.S. International Trade Commission. See How Do I Know the HTS Code of My Product? for more information on how to determine an HTS code for U.S. imports.
Who is responsible for HTS?
The United States International Trade Commission
The United States International Trade Commission, Office of Tariff Affairs and Trade Agreements is responsible for publishing the Harmonized Tariff Schedule of the United States (HTS). U.S. Customs and Border Protection (CBP) is responsible for administering the tariff and for processing import entries.
What is HTS number used for?
An HS or HTS code stands for Harmonized System or Harmonized Tariff Schedule. Developed by the World Customs Organization (WCO), the codes are used to classify and define internationally traded goods.
What is the difference between Schedule B and HTS?
A Schedule B number is a 10-digit code used in the U.S. to classify physical goods for export to another country. An HTS number is a 10-digit code used to classify physical goods imported into the U.S. from another country.
What is HTS column 2 rate of duty?
Duty rates in column (2) are higher and are required for those countries that do not have normal trade relations status with the U.S. The countries that are eligible for international trade programs or subject to column 2 duty rates are listed in the HTS.
Do I need a HS tariff number?
If you want to ship goods to anywhere in Europe or the rest of the world from the UK, having a UK tariff code will speed up the whole customs clearance process, but in addition, it’s now mandatory for all shipments to and from Europe.
How do you read HTS codes?
Global and U.S. HTS Codes have four components, which are identified by the green numerals beneath the digits:
- Chapter: In this example, 66 is the chapter.
- Heading: In this example, 6603 is the heading.
- Subheading: 6603.20 is the subheading.
- Extra digits: 6603.20.
What happens if you get the HS code wrong?
Incorrectly classifying a product can lead to non-compliance penalties, border delays, seizure of the products, or even a denial of import privileges. As the exporter of the products, you are responsible for correctly classifying them, and therefore you are liable.
When was the HTS created?
The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the former Tariff Schedules of the United States. The HTS comprises a hierarchical structure for describing all goods in trade for duty, quota, and statistical purposes.
What is my commodity code?
A commodity code is a ten-digit number allocated to goods to classify imports 🛳️ from outside the EU. Every item will fall under a commodity code – and this commodity code dictates your duty rating, as well as alerts you to any import or export restrictions.
What is my Schedule B number?
A Schedule B number is a 10-digit number used in the United States to classify physical goods for export to another country. The Schedule B is based on the international Harmonized System (HS) of 6-digit commodity classification codes.
What is not contained in the HTS?
Embargoes, anti-dumping duties, countervailing duties, and other very specific matters administered by the Executive Branch are not contained in the HTS. The USITC maintains and publishes the HTS (in print and on-line) pursuant to the Omnibus Trade and Competitiveness Act of 1988; see the preface to the HTS for additional explanatory material.
What does HTS stand for?
About Harmonized Tariff Schedule (HTS) Director: The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the former Tariff Schedules of the United States. The HTS comprises a hierarchical structure for describing all goods in trade for duty, quota, and statistical purposes.
What is the Harmonized Tariff Schedule (HTS)?
The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the former Tariff Schedules of the United States. The HTS comprises a hierarchical structure for describing all goods in trade for duty, quota, and statistical purposes.
What does the HTSA do?
The HTSA provides the applicable tariff rates and statistical categories for all merchandise imported into the United States. Quick lookup; data for individual tariff lines. U.S. Tariff and Trade Data for specific products. This site includes planned staged tariff reductions (where applicable) and 3-year (plus year-to-date) import data.
