What is the import tariff schedule?

The Harmonized Tariff Schedule of the United States (HTS) sets out the tariff rates and statistical categories for all merchandise imported into the United States. The HTS is based on the international Harmonized System, which is the global system of nomenclature applied to most world trade in goods.

What is a customs tariff schedule?

The Canadian Customs Tariff shows the preferential tariffs for products coming from countries with which Canada has a free trade agreement. It is based on the World Customs Organization’s Harmonized Commodity Description and Coding System.

How do I find my tariff code Canada?

Simply enter keyword(s) that describe the product or the Harmonized System (HS) code, if you know it. If the tool does not find an exact match, it will propose options to narrow your search. Visit www.wcoomd.org to access the full list of HS codes. Get results instantly.

How many sections are there in the customs tariff?

The HS is organized into 21 sections, which are subdivided into 99 chapters. The 99 HS chapters are further subdivided into 1,244 headings and 5224 subheadings.

Who is responsible for tariff codes?

the World Customs Organization
It is developed and maintained by the World Customs Organization in Brussels. HS-Codes are used by Customs Authorities worldwide to categorize products. Based on the HS-Code of the product you want to export there are specific requirements, import duties, tariffs, or taxes you may need to pay.

What happens if you put the wrong tariff code?

Incorrectly classifying a product can lead to non-compliance penalties, border delays, seizure of the products, or even a denial of import privileges. As the exporter of the products, you are responsible for correctly classifying them, and therefore you are liable.

What happens if I put the wrong HS code?

Using the wrong HTS will result in an incorrect payment of duties whether too little or too much, this creates an issue for CBP in their revenue collection mission and may result in them issuing penalties for failure to provide correct and accurate information to CBP.

What is the import tariff schedule? The Harmonized Tariff Schedule of the United States (HTS) sets out the tariff rates and statistical categories for all merchandise imported into the United States. The HTS is based on the international Harmonized System, which is the global system of nomenclature applied to most world trade in goods. What…