The Customs Modernization Act places the ownership of classification on the importer; so it is imperative that importers perform their due diligence.
Tariff Commodity Classification, also referred to as HTS Classification or code, is one of the most fundamental and crucial pieces of information to understand prior to commencing importation.
Commodities are classified into one of the thousands of codes listed in the Harmonized Tariff Schedule. This code determines the item’s duty rate, as well as if the good is subject to Anti-Dumping regulations, countervailing duties or quota restrictions.
All of these factors can quickly add unexpected costs.
Fines and penalties could also be assessed by U.S. Customs if classified and declared incorrectly.
When shipping commodities for export they must be classified and declared using the Schedule B database. The Schedule B database is used to report exported commodities to the U.S. government in order to calculate GDP and to record trade data. Under the EAR exporters are required to classify and declare their goods for export.
Section 301 imposed punitive tariffs on Chinese sourced imports into the U.S. These tariffs add an additional 7.5% or 25% duty onto most HTS codes.
We can review your current classification to ensure accuracy and advice on how these additional duties may affect you.
Export Controlled Commodity Number classification must be determined on all exports from the US.
The classification system is used to ensure technology and equipment is not being exported in support of terrorism or against national security interests.
All goods must be classified or confirmed to be an un-controlled commodity.
We have over 10 years of accurate classification of a diverse variety of goods, from commodities to fine art and jewelry.
Contact us today to classify your good accurately to help avoid fines, penalties, excessive tariffs, and delays in shipping