The Harmonized Tariff Schedule for the classification of goods is a major determinant of customs duties and taxes — and a regulatory requirement on both import (HTS) and export (Schedule B) documentation.
In today's complex trading environment, proper tariff classification can depend on a myriad of U.S. and international trade laws, regulations, rulings, and a host of other references. Finding the best classification can be complicated, especially in the case of specialized products. A quick glance at recent Tariff Rulings will show that the classification practices can barely keep up with the flood of new materials and product ideas now appearing in the world marketplace.
Classifying an item may require technical specifications from your supplier and advice from your broker as well as extensive research in the HTSUS schedules, Rulings and other resources.
Taking on all sources alone can quickly develop into a massive headache of overpaid duties and improperly classified goods. It stands to reason that a solid, intuitive, and above all else accessible tariff classification solution is the remedy you need.
Visual Compliance delivers accurate harmonized tariff classification and duty rates through comprehensive, accurate and up-to-date schedules, regulations, rulings and other references. Coupled with easy navigation, powerful search tools, and presented in formats that make sense,
it's an indispensable solution for every organization concerned with landed costs, and compliance.
For more information, visit the dedicated CustomsIQ pages, call toll-free 1-877-328-7866 and talk to one of our foreign trade compliance consultants,
or send an email.
Store and manage classifications in a comprehensive, collaborative classification management system
Correct, consistent, legally defensible tariff classifications are at the heart of Import Compliance. You are responsible for ensuring that proper HTS classifications are used for all your imports, and Schedule B codes for your exports.
You can't afford classification mistakes and inconsistencies resulting from a lack of systemic controls over tariff classification procedures.
Finding the best classification can be complicated, especially in the case of specialized products. And once all this research is done, you want to preserve the results and ensure that this HTS or Schedule B code is always used by both your own personnel in all of your locations or divisions,
as well as your customs broker(s) and other trade chain partners.
The CustomsIQ solution features an optional application that enables you to build and manage a centralized classified Item Master file. It supports multiple users, locations, companies and divisions, works seamlessly with Customs IQ,
and can be integrated with your other Visual Compliance products or your ERP and eCommerce technologies.
- Build and Cross-Reference Item Descriptions — Via Data Entry or Download
more +
A complete and accurate item description is essential to correct classification. The solution lets you store the information you used to classify your items and justify your decisions in addition to the HTS, duty rates, units of measure, part numbers, vendor part numbers, origin and preference with both producer and exporter designations and much more. In addition, you can link and cross-reference documents containing detailed information such as design specifications or customs rulings.
Use in-built intelligent, powerful data entry screens or load in all your parts from your ERP system or using files provided by your broker or supplier.
- Classify Your Items Using Our Tariff's Advanced Tools more +
Easily create and document accurate classifications. A link to Customs IQ gives you access to the HTSUS plus notes, rulings and an extensive library of reference materials, everything you need to determine the correct HS code and duty rate.
An optional classification expert can be added which walks even a novice user go through the steps of classification by answering a series of simple questions.
In addition, you can document your classification logic by adding citations and reasons.
- A Secure Collaborative Workflow more +
Because it’s web-based you can work collaboratively across divisions or even supply chain partners. Your broker or even your supplier can see the same items you do to help you build the most accurate information possible.
Yet clearly defined roles ensure that each party only sees the information they should see and can do with it only what you want them to do.
Items can be entered or changed and placed under suspension for review and acceptance by authorized personnel.
An audit trail including date an employee code is kept for both the original classification and the review/acceptance.
- Maintain and Review Your Classifications more +
Review your classifications via a flexible set of reports. An optional Tariff Review Expert extends these reports to include comparison of your data with the government Tariff to help you update your information and analyse the effect of Tariff changes on your classifications and duty rates.
An Alerts Expert gives you email notifications of HS-based Tariff/legislative changes.
- Calculate and Forecast Landed Costs more +
A Landed Cost Expert lets you easily run landed cost calculations for any item and tariff treatment. Besides the duty calculated by the system, you can add a wide variety of charges such as brokerage, pre-shipment charges, freight etc.
For more Information
For more information, call toll-free 1-877-328-7866 and talk to one of our foreign trade compliance consultants. They'll help you analyze your requirements, evaluate your options, and provide focused demonstrations.
Or send an email.
Visual Compliance provides robust, cost-effective automation solutions and regulatory content to manage all of these aspects of foreign trade compliance. With over 30 years of experience helping companies easily gain control and visibility over their compliance issues and processes, our solutions are relied on by more than 4,000 companies at home, and abroad.
