What does the Harmonized System Explanatory Notes contain?

What does the Harmonized System Explanatory Notes contain?

The Explanatory Notes provide a commentary on the scope of each heading, giving a list of the main products included and excluded, together with technical descriptions of the goods concerned (their appearance, properties, method of production and uses) and practical guidance for their identification.

What are HSN explanatory notes?

Explanatory Notes are the official interpretation of the HS approved by the WCO Council, and are an indispensable complement to the Harmonized System. They provide guidance on the scope of each heading, a list of the main products that each position includes and excludes, and their technical descriptions.

What is the purpose of the Harmonized 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.

Is tariff code the same as harmonized code?

HS and HTS Codes are widely used in the world of international trading. HS Code stands for Harmonized System Code and HTS Code stands for Harmonized Tariff Schedule Code. HTS and HS Codes were both developed by the World Customs Organization (WCO) and are used to classify and define internationally traded goods.

Can the HS Explanatory Notes or the HS Compendium of Classification Opinions be used as legal basis in the classification of imported goods explain?

Although the Explanatory Notes are not binding in all countries, they are widely and practically used to enhance the uniform understanding and application of the HS worldwide. We can’t forget the Legal Notes, which are legally binding.

What is the main objective of Harmonized System?

The Harmonized System Convention entered into force on 1 January 1988. The objectives of the HS Convention are, by harmonizing the description, classification and coding of goods in international trade, to facilitate international trade and the collection, comparison and analysis of statistics.

What does explanatory notes mean?

Explanatory or content notes are used to add explanations, comments or other additional information relating to the main content but would make the text too long or awkward to read. Such notes may include supporting references.

How do you write an explanatory note?

put first the most important and the relevant things; 2. put things in chronological (and other ‘natural’) order; 3. don’t use complicated series of subordinate clauses etc.; 4. give the most probable explanation without too much hedging.

What is the Harmonized tariff system?

The Harmonized System is a standardized numerical method of classifying traded products. It is used by customs authorities around the world to identify products when assessing duties and taxes and for gathering statistics.

How is Harmonized Tariff Schedule determined?

Your local U.S. Commercial Service International Trade Specialist can help you identify the appropriate HS and Schedule B codes, as well as duties and taxes for specific countries. If your product is difficult to classify, the Customs Rulings Online Search System (CROSS) database can help you find its HTSUS.

Does Canada require harmonization code?

Similar to the system in place in the U.S., Canada requires that exports supplement the 6-digit harmonized code with a 4-digit Canadian code. Exports are also subject to proper coding.

Why HS classification is important in international trade?

HS codes are used for a number of purposes. They enable the customs authorities to identify the product and apply the appropriate import duty as well as other taxes and trade measures. The HS classification plays an important role in determining the origin of goods.

Why is it critical to use the correct HS codes when import costing?

Providing the correct HS code is a part of both the importer’s and exporter’s legal responsibilities. Both parties need to make sure that they have included all the necessary classification resources and that they take time to get them right – no matter the assortment of products being imported or exported.

What are the uses of Harmonized System?

How is the Harmonized System applied?

How does the Harmonized System for classifying merchandise work? The Harmonized System product nomenclature is an international catalog that assigns a six-digit code to each commodity group. Countries have the authority of adding more digits to specify the product even further.

How do you write an explanatory statement?

The explanatory statement should take care to spell out a relevant purpose, at least for the bill as a whole, and perhaps for parts or clauses of it. Secondly, an explanatory statement should not be used to clear up some perceived ambiguity or uncertainty in the words of a provision of a bill.

What is an explanatory statement?

An explanatory statement is a compound statement that presents a justification (a reason) for the truth of an assertion or a denial.