Harmonized Tariff Schedule Update
On July 1st, the International Trade Commission posted the fourteenth revision to the 2020 Harmonized Tariff Schedule.
We encourage our clients to periodically review the tariff codes that are used for their goods. The tariff schedule can change multiple times per year, so a periodic review should be a part of your company’s compliance protocol.
Even if your company has ‘always used this tariff number’ or if the tariff number as ‘provided by the supplier,’ it may not be correct. Your company is responsible for ensuring the tariff number is accurate. These types of proactive, internal protocols will give your company a greater knowledge of costing and requirements necessary to successfully navigate trade with the United States.