How will the Harmonized System change in 2022?
The Harmonized System has a schedule to update every five years, and countries can schedule their own code updates as well. That five-year mark has now arrived. Changes begin rolling out in January 2022, and as a seller, you must be aware of the changes you need to make regarding international sales.
Where can I find the 2022 Harmonized Tariff Schedule?
The basic edition of the official 2022 Harmonized Tariff Schedule of the United States (HTS) for January 27, 2022, is now available on the Commission’s web site. The January 27 edition includes provisions reflecting the changes recommended by the World Customs Organization for 2022, which were effective for many countries on January 1, 2022.
When will the HS 2022 proclamation become effective?
actions taken by the President on December 23, 2021, in Proclamation 10326, which implemented the HS 2022 provisions as of January 27, 2022 and made other changes that were already effective on January 1, 2022;
How often does the Harmonized System Update?
As previously stated, the Harmonized System updates every five years in order to keep up with changes in different industries, goods produced within those industries, and the need for new chapters, headings, and subheadings. The 2022 HS code changes are influenced by multiple driving factors, including the following:
Are HTS codes changing for 2022?
The HTS updates are to go into effect for all entries into the U.S. on or after January 27, 2022. These modifications are based on the World Customs Organization's 2022 Harmonized System Tariff nomenclature and include over 1500 new headings and subheadings across the 97 chapters of the HTS.
How often is the Harmonized Tariff Schedule updated?
every five yearsThe HS nomenclature is updated every five years, with the most recent update in 2017. The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the former Tariff Schedules of the United States.
What is the current version of HS?
The HS is revised every 5 years, and the HS 2022, which is the seventh edition of the Harmonized System Nomenclature, will enter into force on 1 January 2022.
Do harmonized codes change?
In the US, the Harmonized Tariff Schedule of the United States (HTS) was updated to reflect the WCO changes on January 27, 2022. While the first six digits of the HTS only change every five years, changes at the 10 digit statistical level are published biannually, where additional revisions are made on a regular basis.
Who is responsible for HTS codes?
The United States International Trade CommissionThe United States International Trade Commission, Office of Tariff Affairs and Trade Agreements is responsible for publishing the Harmonized Tariff Schedule of the United States (HTS). U.S. Customs and Border Protection (CBP) is responsible for administering the tariff and for processing import entries.
How do I find the HS code for my product?
The HS code for your product will be listed on the commercial invoice a buyer receives with their order. It may be used to classify products upon export and to calculate applicable taxes and duties upon import.
How many amendments are in the 2022 HS Code?
351 setsThe new HS 2022 edition introduces 351 sets of amendments, covering a wide range of goods across industries.
How many countries use HS Code?
The system is used by more than 200 countries and economies as a basis for their customs duties and for the collection of international trade statistics.
How many chapters are in HS?
The HS is organized into 21 sections, which are subdivided into 99 chapters. The 99 HS chapters are further subdivided into 1,244 headings and 5224 subheadings.
How often do commodity codes change?
Every five years2022 Changes Every five years, the World Customs Organization (WCO) updates its list of codes and the latest version of these codes came into force on 1 January 2022, known as HS2022. There are a total of 351 sets of amendments covering a wide range of goods.
What PDK 2022?
ANNOUNCEMENT : IMPLEMENTATION OF CUSTOMS DUTY ORDER 2022 (PDK 2022) Reference is made to the above subject. This is to inform that the Royal Malaysian Customs Department (RMCD) will be implementing Customs Duty Order 2022 (PDK 2022) from the current Customs Duty Order 2017 (PDK 2017) on 1 June 2022.
Do Schedule B numbers change?
Every January and July, the Schedule B is updated with new, 10-digit commodity classification codes approved by the 484(f) Committee. Last month, the Schedule B implemented updates from the 484(f) breakouts as well as changes from the World Customs Organization and the Harmonized Tariff Schedule.
What is the current US tariff rate?
The United States currently has a trade-weighted average import tariff rate of 2.0 percent on industrial goods.
What is a product HS Code?
What are HS codes? HS (Harmonized Commodity Description and Coding System) codes are product classification codes used by U.S. Customs and all other members of the World Customs Organization (WCO) to classify goods for customs purposes.
Does the HTS provide exact duty rates?
The Harmonized Tariff System (HTS) provides duty rates for virtually every item that exists. The HTS is a reference manual that is the size of an unabridged dictionary. Experts spend years learning how to properly classify an item in order to determine its correct duty rate.
When did the HTS come into effect?
About Harmonized Tariff Schedule. The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the former Tariff Schedules of the United States.
What is HTS classification?
This structure is based upon the international Harmonized Commodity Description and Coding System (HS), administered by the World Customs Organization in Brussels ; the 4- and 6-digit HS product categories are subdivided into 8-digit unique U.S. rate lines and 10-digit non-legal statistical reporting categories. Classification of goods in this system must be done in accordance with the General and Additional U.S. Rules of Interpretation, starting at the 4-digit heading level to find the most specific provision and then moving to the subordinate categories.
