By: John Black
Gentlemen (and Ladies): Start Your HTS and Schedule B Classification Engines…
The International Trade Commission has announced that the final version of the 2007 Harmonized Tariff System (HTS)l became effective on February 3, 2007. This will include the World Customs Organization (WCO) changes. Changes will affect about 10% of the eight-digit codes. Importers have until February 20, 2007 to begin using the new HTS codes.
The ITC has posted a draft version on its website, but has committed to posting a the final version by January 22, 2007. The US Customs and Border Protection (CBP) will allow a 17-day grace period for importers to transition to the new system. This grace period will end on February 20, 2007. These implementation plans are posted on their website.
Bottom Line for Exporters:
The export version of the HTS (the Schedule B) was published by the Census Bureau on their website at the beginning of the year. The AES system will accept the old Schedule B Numbers through March 4, 2007.