htscodeguide

 

 

One of the things that you should know is that this are which is maintained by the World Customs Organization. Their duty is to maintained the Harmonized Tariff Description and the coding System. This is something that is contributed to by many countries in the world. In addition, you should know that the first six codes of the HTS codes identify all the international trade items and are same for all the countries that use this harmonized tariff system of generating codes. On the other hand, the last two or four digits stands for a given country. Like in some countries those last digits can be used to indicate the duty rate and a balance of trade reporting suffix for the imported goods.

 

Another thing that you should know about HTS codes is that it is the responsibility of the importer to generate the correct HTS codes used on your import entries or for security purposes. Therefore, it is advisable that you establish an accurate HTS code rather than lying on a broker to produce codes on your behalf as this may not be accurate on your product classifications. You find that it is only you who has the exact information about your products. This is important as it is going to help the customs specialists in determining the proper classifications of those goods.

 

Apart from that you may also incur additional charges if you are using wrong HTS codes. You should be aware that HTS is major classification for identifying of products uniformly. On the hand, it is also a tariff system on the imported goods. By using wrong HTS codes you may end up paying more or less duties and this may bring a lot of problems with the revenue collectors. This may in turn entitle you to a penalty of failure to provide the correct HTS codes. To learn more about harmonized system code, go to https://en.wikipedia.org/wiki/Comparison_of_HTC_devices#Android_devices.

 

In addition, it is also possible for you to fix your code in case you were using incorrect HTS codes. One of the things that you should do if you realize that you have been paying less or more amount due to incorrect HTS codes, is to apply for Post-Entry Amendment to pay for the additional duties or request for the refund of the excess amount. You can as well apply for the administrative protest in cases where the duty has been liquidated.

 

 

Lastly, you should also be aware that these HTS codes are not liquidated and they keep on changing from time to time. This is because the many new revenue sources of which they are being changed to absorb the adjustments and to also match with other countries, click to know more!