Customs Trade Classification under the Harmonized Tariff & Schedule B

Duration: 60 Minutes
Importers and exporters alike require a firm understanding of the Harmonized Tariff Schedule of the United States (HTSUS) and the Schedule B Code in order to properly apply the rules for classifying their products for import and export. Tariff classifications drive the duty rates that will be applied to imported merchandise, while Schedule B Codes (as well as their HTSUS classification counterparts) are required to be reported in exporters' Electronic Export Information (EEI) filings submitted into the Automated Commercial Environment.
Classification under Harmonized Tariff
Product ID: 503117
Customs classifications are complex and often not intuitive. Learning the best ways to navigate the legal rules and best practices to properly assign trade classifications to your internationally traded goods will provide accurate rates of duty, improved financial forecasting, and avoid potentially damaging penalties for non-conformance. Correct classifications also provide the cornerstone for many trade agreement rules; therefore, inaccurate classifications can have a cascading effect throughout your global supply chain. It helps you avoid those potential pitfalls.

Objectives of the Presentation
  • Understand the Harmonized System and when to use the Harmonized Tariff or Schedule B
  • Learn how to classify goods in the Harmonized Tariff Schedule for import, and the Schedule B for export
  • Analyze different aspects of the U.S Harmonized Tariff Schedule
  • Understand the general structure of the HTSUS in detail
  • Execute the classification of products and objects based on the rules and regulations discovered
  • Learn what "tools" are out there to assist with your classification process
  • Avoid fines, penalties over payment of duties and other regulatory compliance problems
Why Should you Attend
Fortunes can be won and lost based on correct or incorrect trade classifications. Further, most trade agreements that provide for landed cost saving opportunities are based, at least in part, on a tariff shift theory, which can only be lawfully accomplished by understanding the rules for assigning import and export classifications.

This session by expert speaker Randi S. Waltuck Barnett will discuss the classification systems, what the legal rules are for applying them to your globally traded goods, and how best to meet the legal standard of exercising reasonable care when assigning classifications to your imported and exported merchandise. It will further discuss how to avoid significant potential penalties for material violations, and how to assure best-practices for trade compliance by understanding this business-critical, complex area of customs law.

Areas Covered
  • The Global Harmonized System
  • Anatomy of a trade classification number (Chapter, Heading, Subheading, and beyond)
  • Legal rules of trade classification, including the
    • General Rules of Interpretation (GRIs)
    • Section Notes
    • Chapter Notes
  • Additional classification tools beyond the legal rules to help you classify your goods
  • Best practices for researching and documenting assigned trade classifications, to meet the "Mod Act" requirements
  • Agent management methods to ensure that government declarations are accurate
  • Best practices for creating internal controls around import-export classification
  • Post-transaction self-assessment methods
Who will Benefit
  • Import Compliance
  • Customs and Export Compliance Managers and Personnel
  • Freight Forwarders
  • Customer Brokers
  • Importers
  • International trade consultants
  • Classification specialists
  • Import managers
  • US and Global Trade Compliance Professionals
  • Purchasing and Procurement Departments
  • Supply Chain Professionals
  • Attorneys and Legal Staff
  • International Logistics Professional
  • Sales & Marketing Professionals
  • All types of industries that trade in goods across North American borders
  • Any company that has imports, domestic sales of foreign goods, and/or exports
Topic Background
Finding the best tariff classification can be complicated, especially in the case of specialized products. In today's complex trading environment, proper tariff classification can depend on a myriad of U.S. and international trade laws, regulations, rulings, and a host of other references. Taking on all sources alone can quickly develop into a massive headache of overpaid duties and improperly classified goods. It stands to reason that a solid, intuitive, and above all else accessible tariff classification solution is the remedy you need.

Correct, consistent, legally defensible tariff classifications are at the heart of import compliance. You are responsible for ensuring that proper HTS tariff classifications are used for all your imports, and Schedule B codes for your exports. You can't afford tariff classification mistakes and inconsistencies resulting from a lack of systemic controls over tariff classification procedures.
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Instructor Profile:
Randi Waltuck Barnett is a highly regarded global trade professional, having created and implemented global and domestic trade compliance programs across many industries for companies large and small. Her experience includes oversight of a $5B, 65-location division of Honeywell, a $3B, 17-location division of Motorola, and global trade optimization for Dell, Inc., among others.

Ms. Barnett has worked in the international trade arena in various industries for nearly 20 years. Her professional accomplishments include multi-million dollar global supply chain savings under various legal theories, as well as end-to-end global trade mitigation processes and procedures, identifying right sized technology tools, including "compliance on a shoestring" practices.

She has served on councils and boards for various organizations, including the American Association of Exporters and Importers (AAEI), the Organization of Women in International Trade (OWIT), is a charter-member of the International Compliance Professionals Association (ICPA), and a frequently sought-after trade and supply chain conference speaker for various well-known conference organizers, including the International Compliance Professionals Associations (ICPA), the American Conference Institute (ACI), Marcus-Evans, and Richardson Conference Events.

A licensed customs broker, Ms. Barnett holds degrees in International Business, an MBA in Finance, began her pursuit of a J.D. in International Trade Law; she is Lean Six Sigma Green Belt certified and a Motorola Certified Instructor, available to meet any of your trade compliance, operations or global trade strategy needs.
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