Harmonized System Classification: Basics
Duration: 90 Minutes
The Harmonized Tariff Schedule is an international customs classification system. It was developed by the World Customs Organization as a tool to facilitate the world trade by creating a nomenclature that assures uniformity in its application, and at the same time address domestic issues. Not only it is used to establish tariffs and duties, but also to implement measures to protect the public health, the environment, the wild and the world safety. It has been in force since 1988. It is used for 90% of the trading world.
Objectives of the Presentation
Why Should you Attend
- What is an international nomenclature
- HTS background
- HTS Agreement
- HTS structure
- Types of codes
- Types of notes
By establishing international codes and uniform rules to classify any commodity, the HTS has become an international language for trade. Customs declaration all over the world, international agreements on environment, health, wild preservation, nuclear and weapons control utilize the HTS.
Who will Benefit
- Why an international classification system
- How HTS was developed
- HTS objectives
- Whose responsibility is the correct HTS application
- How the international uniformity is assured
- How the system adapts to domestic issues
- How the system stays up to date
- Sales director
- Purchasing director
- Logistics coordinator
- Import/Export supervisor
- Customs Brokers
- Freight Forwarders
- Customs Brokers
For every individual involved in international trade, it is essential to know the HTS, its objective, structure and coding system. An incorrect HTS classification has a consequence, not only of economy nature, but it is also important to obtain the goal objectives in the protection of the environment, wild life, health and public safety.
This webinar is a part of "Harmonized System Classification Basics, General Rules and Sections content: Webinar Series" Click here to know more.