Spring Cleaning: Get Your HS Code Right!

Posted by Suzanne Richer on Wed, Apr, 24 2019 @ 7:00 AM

Challenged with classification? Classifying the same product differently in one or more countries? Uncertain as to when a “kit” is a “kit for customs purposes” or when to classify a part with the machine and when not to? 

The Harmonized System (HS) is a global number, to 6-digits, that drives the duties, fees and taxes of a product upon importation, in addition to applicable protective measures (i.e.: antidumping). In addition, the HS number is the basis of many free trade agreement qualification processes. So why do so many companies raise their customs risk and classify some products differently when operating in more than one country?

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Topics: Import Compliance, Product Classification, Export Compliance, Global Trade Academy, Trade Compliance, Import Customs Filing

Free Trade Agreement Audits – Are Your Goods Really Duty Free?

Posted by Suzanne Richer on Thu, Nov, 15 2018 @ 11:36 AM

Claiming preferential treatment under any free trade agreement is fairly easy. Statements on the commercial invoice or accompanying certificates at the time of import are enough for your customs broker to claim the lower duty rate on your behalf. Proving eligibility of a reduced duty claim is quite the opposite, whether you are an importer, exporter, or the producer of the good.

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Topics: Duty Management, Product Classification, Free Trade Agreements, Bill of Material Qualification

Duty Drawback Simplification: Your Questions Answered!

Posted by Kelsey Barker on Fri, Sep, 28 2018 @ 3:49 PM

Drawback Simplification regulations are finally here, and they’re a game-changer for importers and exporters looking to recover duties and fees. Companies can now go back five years for duty drawback claims, but you need a plan. Earlier this month, Amber Road’s Global Trade Academy hosted a webinar with Drawback Specialist Brenda Sweetman to cover these important updates.

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Topics: Import Management, Duty Management, Export Management, Product Classification

Importing from China? Your Products Could Be Hit With A 25 Percent “Special” Tariff!

Posted by Suzanne Richer on Tue, May, 1 2018 @ 1:25 PM

In a further indication that U.S. trade policy toward China has stiffened, the Trump Administration has initiated a punitive tariff action against China under Section 301 of the Tariff Act. Section 301 empowers the White House to impose additional import tariffs on the products of countries who maintain discriminatory policies against U.S. products and services.

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Topics: Import Management, Product Classification, Global Trade Academy

Gulf Cooperation Council (GCC) Implements a New VAT

Posted by Kristine Bols on Thu, Dec, 28 2017 @ 1:38 PM

Companies importing into the GCC States (Gulf Cooperation Council: Kuwait, UAE, Saudi Arabia, Oman, Bahrain and Qatar) will no longer be able to move their goods across borders tax-free. Effective January 1, 2018, a 5 percent Value-Added Tax (VAT) rate will be implemented, based on a 2015 Agreement laid-out at the 36th Meeting of the Supreme Council of the in Riyadh. The Agreement aims to establish a common legal framework for the introduction of a general tax (VAT) levied on the import and supply of goods and services at each stage of production and distribution.

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Topics: Product Classification, Global Knowledge

Wall Street Journal: Brace Yourselves... Changes Are Coming!

Posted by Joseph Gabro on Thu, Dec, 15 2016 @ 12:45 PM

As you are probably aware, the World Customs Organization (WCO) announced updates to the Harmonized System (HS), which means major changes are just around the corner! The Wall Street Journal took notice in their new Morning Risk Report: Changes Coming to Product Classification System.

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Topics: Import Management, Export Management, Product Classification

2017 WCO Harmonized System Changes Infographic

Posted by Mollie Leon on Thu, Dec, 1 2016 @ 9:12 AM

The World Customs Organization (WCO) has announced significant updates to the Harmonized System (HS), which will go into effect in 2017. These changes could have a major impact on your company’s global trade processes and international supply chain. Are you prepared?

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Topics: Import Management, Export Management, Product Classification

EU Bases its Tariff Update on the WCO 2017 HS Changes

Posted by Arne Mielken on Fri, Oct, 28 2016 @ 10:39 AM

With the publication of “COMMISSION IMPLEMENTING REGULATION (EU) 2016/1821 of 6 October 2016 amending Annex I to Council Regulation (EEC) No 2658/87 on the tariff and statistical nomenclature and on the Common Customs Tariff” on October 28, 2016, the European Union has updated its EU Tariff, also known as the Combined Nomenclature (CN). The CN is, in essence, a list of numbers used to identify a description of goods traded with the EU.

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Topics: Import Management, Export Management, Product Classification

Even the eCommerce Giants Lack Export Control Processes

Posted by Gary M. Barraco on Mon, Oct, 24 2016 @ 9:38 AM

Amazon.com has dominated the eCommerce industry since 1995, originating as an online reseller of books.  During Amazon’s first month in business, it received orders from customers in 50 U.S. states and 45 countries across the world.  Today, the company offers over 183 million products and serves more than 224 million customers. 

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Topics: Export Management, Product Classification, Export License Management, Export Compliance, Export Violations

What Really Drives Global Footwear eCommerce?

Posted by Kelsey Barker on Fri, Oct, 14 2016 @ 2:41 PM

Global business-to-consumer e-commerce is growing in leaps and bounds, not only in emerging markets where consumers can find it hard to access coveted and trending products locally, but also as a replacement to brick-and mortar shopping. However, global sales opportunities also present a challenge: to deliver a positive customer experience while combating high shipping fees, hidden costs, inaccurate duties, import and export regulations, and product restrictions.

At FDRA's Footwear Traffic and Distribution Conference in Huntington Beach, CA, next week, don't miss two great presentations by Gary Barraco, Director of Global Product Marketing at Amber Road.

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Topics: Retail, Supplier Management, Global Trade Content, Product Classification, Global Supply Chain

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