Tariff Schedule of the United States: Nomenclature to Classify Goods
The Harmonized Tariff Schedule of United States usually determines the classification as well as the duty rate of an imports into the US. Especially, for the government, a classification of tariff schedule of the United States enables the uniform identification of the imported as well as the exported goods for the enforcement of national laws, international treaties, duty and tax collection as well as the analysis of business and economic planning and international trade negotiations. However, the Harmonized tariff schedule 2015 is majorly used by the United States Customs and Border Protection agents in order to classify goods that is being imported.
The numeric code for goods and services on which the Harmonized tariff schedule 2015 is based come from the Harmonized code. This code is the global nomenclature system used for the goods and services imported and exported by countries. The tariff schedule of the United States comprises of ten digit classification code number. In general there are more than 17,000 unique classification code numbers. Harmonized Tariff Schedule of the United States is considered to be an organized listing of goods and duty rates basically developed by the US International Trade Commission and used by the US Customs and Border Protection.
The basis for classifying imported products includes establishing the duty to be charged and providing the statistical information about imports and exports. The HTSUS is a centralized list of the tariff being charged for any products being imported into the US. Moreover, the World Customs Organizations has thus established a system for classifying all goods that are generally subjected to tariff. And this classification is also referred as harmonized System.
The numeric code for goods and services on which the Harmonized tariff schedule 2015 is based come from the Harmonized code. This code is the global nomenclature system used for the goods and services imported and exported by countries. The tariff schedule of the United States comprises of ten digit classification code number. In general there are more than 17,000 unique classification code numbers. Harmonized Tariff Schedule of the United States is considered to be an organized listing of goods and duty rates basically developed by the US International Trade Commission and used by the US Customs and Border Protection.
The basis for classifying imported products includes establishing the duty to be charged and providing the statistical information about imports and exports. The HTSUS is a centralized list of the tariff being charged for any products being imported into the US. Moreover, the World Customs Organizations has thus established a system for classifying all goods that are generally subjected to tariff. And this classification is also referred as harmonized System.
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