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The tariff schedule has 99 chapters under 22 sections, and various appendices for chemicals, pharmaceuticals, and intermediate chemicals for dye.Raw materials or basic substances generally appear in the early chapters and in earlier headings within a chapter, whereas highly processed goods and manufactured articles appear in later chapters and headings.
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Parties are permitted to subdivide the HS Nomenclature beyond 6-digits and add their own Legal Notes according to their own tariff and statistical requirements. Parties often set their customs duties at the 8-digit "tariff code" level. Statistical suffixes are often added to the 8-digit tariff code for a total of 10 digits.
The USITC was established by the U.S. Congress on September 8, 1916, as the U.S. Tariff Commission. [5] In 1974, the name was changed to the U.S. International Trade Commission by section 171 of the Trade Act of 1974. [6] Statutory authority for the USITC's responsibilities is provided by the following legislation: Tariff Act of 1930
The Commission consisted of 59 businessmen whose brief was to construct a "Scientific Tariff" which would achieve tariff reform objectives. [1] The aims of the Commission were to examine and report on Chamberlain's proposals for tariff reform, and to work out what import duties should be recommended. [2] Members of the Commission included:
The United States Bureau of Industry and Security (BIS) assigns an alphanumeric code, known as the Commodity Classification Automated Tracking System (CCATS), to products classified under the Export Administration Regulations (EAR).
As the market became increasingly competitive, the need for regulation decreased. In 2001, the U.S. Federal Communications Commission (FCC) declared the telecommunications market was fully competitive in the United States, and eliminated the need to file tariffs with federal regulatory agencies. However, to continue operating, many state and ...