Business Excellence Consortium
Classification for Importers and Exporters Using the Harmonized System
| Details | |
|---|---|
| This course has not been scheduled. Please contact the BEC for more information. | |
| Individual Price | |
| BEC Member: | $375 |
| Non-Member: | $495 |
| Organization Price | |
| BEC Member: | $2,500 per day ** |
| Non-Member: | $3,500 per day ** |
| ** Responsible for facilitator's expenses, including travel, lodging and food. | |
| Books & Materials | |
| Manual | $20.00 |
Every good exported or imported from the United States must be assigned a 10-digit commodity code. US importers use a system called the Harmonized Tariff System (HTS) while US exporters have a choice of using the HTS or the Schedule B. Both systems are based upon the international Harmonized Tariff System developed by the World Customs Organization.
Classification is the foundation for establishing duties, collecting statistical trade data, and can be the basis for admitting, prohibiting, or limiting trade in certain commodities. Importers and exporters have no choice but to develop the expertise to accurately select these codes. Improper use of the codes can result in punitive regulatory action. Code selection also can affect commercial cost through increased duties.
This one-day, fundamental course is designed to assist importers and exporters in building classification skills.
What will be covered:
- Overview of the Harmonized System
- In-depth review of the structure of the tariff
- In-depth discussion of the General Rules of Interpretation, the protocol for selecting a classification
- In-depth discussion of sets classification
- In-depth discussion of parts classification
- Introduction to the role classification plays in free trade agreements
- Overview of chapters 98 and 99 exempting importers and exporters from duties on certain classes of merchandise
Who should attend?
This fundamentals course is for individuals responsible for assigning commodity codes. Trade compliance professionals will also find this a good opportunity to review the basics of classification well as gain additional insights into managing a commercial import program.
Strategic business and functional leaders may find this course provides perspective regarding the complexities of this process.
Upon completion, you will:
- Understand the difference between HTS and Schedule B
- Have a broader sense of the entire tariff
- Know how to select a code utilizing the General Rules of Interpretation
About the instructor
John D. Goodrich is an International Trade Consultant and Licensed Customhouse Broker with twenty-five years of experience in international trade. He is an engaging trainer, speaker, and writer on a variety of international logistics and compliance subjects including:
- NAFTA
- US Import Regulation
- US Export Regulation
- Harmonized Tariff Classification
- Letters of Credit
- International Logistics
- INCOTERMS 2000
Mr. Goodrich has written six books incorporating these subjects. He is also a frequent contributor to online newsgroups.