Matrix Relax
There are over 17,000 unique harmonized tariff classification codes and to the human eye it’s only ten digits. But to the human brain it can seem like a matrix when determining which one is actually the correct one to apply. The Harmonized System is organized into 21 sections, which are subdivided into 96 chapters and the the 96 chapters are further subdivided into 1,228 headings and 5,612 subheadings. The correct one means a great deal concerning compliance with customs and quite often a company’s bottom line if you get caught using the incorrect one. We live in the matrix, let us help.
Exporting to Mexico
If you are relocating to Mexico, or you are a producer, distributor, seller, etc., and the recipient of your goods is in Mexico because your client, final consumer, manufacturer, distributor, service provider, etc. is there, then, it is more than likely that you will be the exporter or the party responsible for reviewing and preparing some or all of the records needed to ship the goods to Mexico.
2022 Harmonized System Nomenclature – Any Significant Changes?
By: Brandon French, Associate Attorney, BLG The new 2022 Harmonized System (HS) nomenclature has been accepted by all parties at the Harmonized System Convention. The HS nomenclature is used as a basis for the classification of goods around the globe. Every six months, the HS Committee of the World Customs Organization (WCO) meets to discuss potential […]
Classification: A Necessary Evil or Helpful Tool?
Determining the correct classification of goods is arguably paramount to any good trade compliance program. However, many companies misclassify their goods at an astonishing rate. While this may be good for business for trade compliance consultants like myself, it isn’t good when it comes time for our client’s Customs audits.
