<\/p>\n
The Harmonized Tariff System is global product classification system.<\/em> The World Customs Organization<\/a> (WCO) maintains the Harmonized Tariff Description and Coding System (HTS) with over 170 countries in participation. The first six digits of the HTS code categorize all items involved in international trade and are consistent throughout all countries involved in the HTS. The suffix (two to four digits) is country specific; the U.S. suffix consists of four digits. The U.S. HTS is primarily a classification system to unvaryingly identify goods and secondarily a commodity specific tariff system.<\/p>\n The importer of record<\/a> is responsible<\/em> for providing Customs and Border Protection (CBP) with the correct HTS classification on all import entries and\/or ISF filings<\/a>. It is important to introduce or maintain procedures that result in accurate information concerning your products. Innovated technologies allow the importer to refrain from relying on third parties to presume the HTS classifications on your behalf. Your company could be overextending import-related costs each year by paying a higher tariff rate than required. CBP regards the importer\u2019s HTS compliance seriously enough that the revenue collection agency will fine the importer for paying too much in CBP duty per import!<\/p>\nInternal Auditing<\/h2>\n
Proactive Evaluation of Your Harmonized Tariff<\/h2>\n