Understanding HTSUS and Schedule B Code Classifications

Duration: 75 Minutes
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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.
HTSUS and Schedule B Code Classifications
Instructor: Grant Smith
Product ID: 508656
Objectives of the Presentation
  • 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
Why Should you Attend
This webinar will cover the fundamentals of HTSUS and Schedule B Code classification, and provide proven recommendations for determining accurate product classifications and implementing effective classification strategies. The rules that are required to classify products in the Harmonized Tariff Schedule (HTS) or Schedule B will be discussed. Importers or exporters can be subject to severe penalties if they use incorrect numbers for their imported or exported products. This webinar will assist in helping to minimize errors in classification of products and better prepare companies for import/export audits from the government.

Areas Covered
  • Introduction to and the differences between the HTSUS and Schedule B Code
  • The Six General Rules of Interpretation (GRIs)
  • Additional U.S. rule of interpretation
  • Applying the section and chapter notes of the HTSUS
  • Using the World Customs Organization's (WCO's) explanatory notes
  • Binding rulings issued by US customs and border protection and informed compliance publications
  • Handling special classification issues (Parts, Kits, Sets)
  • The importance of commerce invoice descriptions
  • Review the roles of a customs broker, freight forwarder and importer/exporter of record
  • Determine the difference between duty, user fees, and antidumping/countervailing duties
  • Best Practices for effective product classification processes
Who will Benefit
  • Customs and Export Compliance Managers and Personnel
  • Freight Forwarders
  • Customer Brokers
  • Importersv
  • 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
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:
Grant Smith is an international trade consultant with Grant Smith Consulting, LLC. Mr. Smith is a trade compliance professional with 30 years' experience in global logistics and trade compliance. He is a licensed customs broker and certified customs specialist. He works for global corporations, implementing trade programs and providing training in multiple regions internationally.
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