2020 U.S. Tariff Schedule Released
The U.S. Harmonized Tariff Schedule: 2020 Basic Edition is released and available online. The HTSUS changes throughout the year, so it is important that your company has a process in place to review and validate your tariff classifications regularly.
The proper classification of a commodity is the driver for nearly every component in a cross border transaction. This includes duty assessment, documentary requirements, and the data that may need to be transmitted to satisfy partner government agencies like the U.S. Food and Drug Administration, Environmental Protection Agency, and the Department of Agriculture. Thirty-one percent of this past years CBP’s requests were validating classifications.
If your company would like to utilize Willson International’s classification services, please contact the U.S. Regulatory Team at email@example.com