Ads
related to: usa hts code lookup- AvaTax® Official Site
Sales Tax Calculation for Business
Fast, Easy, Accurate.
- Now Available Free:
Avalara Tax Changes Midyear Report
Nexus news, compliance, and more.
- Global Trade Compliance
Stay Ahead of Tariff Changes
Tariff Changes Made Easier
- Contact Sales
Talk to an Avalara Rep Now
Get Tax Compliance Right
- Why Automate Sales Tax?
Avalara Can Simplify Sales Tax
Learn About Automated Tax Solutions
- Our Products & Services
Make Sales Tax More Accurate
No Matter The Size of Your Business
- AvaTax® Official Site
Search results
Results From The WOW.Com Content Network
The Harmonized Tariff Schedule classifies a good based on its name, use, and/or the material used in its construction and assigns it a ten-digit classification code number, and there are over 17,000 unique classification code numbers.
The process of assigning HS codes is known as "HS Classification". All products can be classified in the HS by using the General Rules for the Interpretation of the Harmonized System ("GRI") that must be applied in strict order. HS codes can be determined by a variety of factors including a product's composition, its form and its function.
GRI 1 prescribes how to classify products at the 4-digit Heading level, based on the wording of the headings and the relative HS Section and Chapter Notes. GRI 2 prescribes how to classify both incomplete and unassembled goods, and mixtures and combinations of goods.
Until recently, the United States applied a customs tariff that was among the lowest in the world: 3% on average. [7] [8] However, with increased tariffs on Chinese goods, as of May 2019, the US has the highest tariff rate among all developed nations with a trade-weighted tariff rate of 4.2%. [9]
Average tariff of a market country for an origin group (except for world) is calculated by taking those products (at HS 6-digit level) that are imported by the market country from each country included in the origin group. i.e., tariff rates for those products that are not traded are not included in the calculation.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!