Harmonise Tariff Schedule.
If you are looking for information regarding HTS then you might be on your way to importing or exporting something.You have been told you need a harmonised tariff schedule code and therefore you are looking for any information you can find about it.You re on the right track, here you will know some information on the same.For a start, it is simply a code for your container or goods given to you at the port by the relevant authority.
There are categories in the shipping world, someone shipping a car and another one shipping foodstuffs for instance belong to different categories.This means that the goods you have will determine the code.If you mess up with the code, the goods may be delivered to the wrong destination or you will lose a lot of money mending the issue.This is not something you may want especially when you are in the business world.
You should use the code because it enhances the collection of duties upon any imports.They also ensure that you make payments to the right deferment.Many countries use this code system, this makes it easy for you to know all the information about your goods.
Harmonised tariff code system is very vital because it makes it easy to comply.It is very imperative that you have the code or you might be charged, in some countries it is a criminal offence.When the inspectors reach your goods and they do not have a code, you may incur additional inspection charges as well as assessment fines.You might even be banned from making any exports or imports, this is not good for business.
Another thing is that this system gives all the importers a fair chance.You should know that the business world is a very competitive one.In order to make it, you need to know people and stay at the top of the food chain.This could be hard if you are not given a fair chance, the code system makes certain that you are placed on fair grounds when it comes to importing.
You will also be making yourself visible.When you work with the codes, the ports will make you visible.It is imperative for public perception.
Lastly, you will also be increasing your productivity as a business person.As seen above, when you use the code correctly, you will be making an easy flow of goods.This will make it easy for you to take your products and concentrate on other issues.You will also be making a clear record at the ports.A clear records makes it easy for you to be helped when in problems.