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The Harmonized Tariff Schedule classifies a good based on its name, use, and/or the material used in its construction and assigns it a ten-digit classification code number, and there are over 17,000 unique classification code numbers. Although the U.S. International Trade Commission publishes and maintains the Schedule in its various forms, U.S ...
The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO) (formerly the Customs ...
There are 6 General Rules in all, which must be applied in consecutive order. GRI 1 prescribes how to classify products at the 4-digit Heading level, based on the wording of the headings and the relative HS Section and Chapter Notes. GRI 2 prescribes how to classify both incomplete and unassembled goods, and mixtures and combinations of goods.
Until recently, the United States applied a customs tariff that was among the lowest in the world: 3% on average. [7] [8] However, with increased tariffs on Chinese goods, as of May 2019, the US has the highest tariff rate among all developed nations with a trade-weighted tariff rate of 4.2%. [9]
The Global Trade Item Number (GTIN) is an identifier for trade items, developed by the international organization GS1. [1] Such identifiers are used to look up product information in a database (often by entering the number through a barcode scanner pointed at an actual product) which may belong to a retailer, manufacturer, collector, researcher, or other entity.
A prefix with a first digit of "0" indicates a 12-digit UPC-A code follows. A prefix with first two digits of "45" or "49" indicates a Japanese Article Number (JAN) follows. The less commonly used 8-digit EAN-8 barcode was introduced for use on small packages, where EAN-13 would be too large. 2-digit EAN-2 and 5-digit EAN-5 are supplemental ...
The TARIC code (TARif Intégré Communautaire; Integrated Tariff of the European Communities) is designed to show the various rules applying to specific products when imported into the EU. This includes the provisions of the harmonised system and the combined nomenclature but also additional provisions specified in Community legislation such as ...
5-Digit Class-Item Code The 5-Digit class-item Code is an expanded version of the 3-Digit class Code. Currently, it contains over 8,700 descriptions. Currently, it contains over 8,700 descriptions. This level categorizes vendors by class-item to allow your procurement software to automate bidder selection, produce no-bid response reports ...