What's the Difference between a Schedule B Code and an HS Number? скачать в хорошем качестве

What's the Difference between a Schedule B Code and an HS Number?

This video explains the difference between HS codes and Schedule B codes. Both are used to classify your products for customs purposes, but there are key distinctions between them. **** ► Easily classify your products with Product Classification Wizard (try it for free!): https://www.shippingsolutionssoftware... ► Free guide, Classifying Your Products for International Trade: https://www.shippingsolutionssoftware... ► Find 100s of articles about various aspects of exporting on Passages: The International Trade Blog: https://www.shippingsolutionssoftware... ************* Understanding HS Codes Imagine HS numbers, also known as HS codes, as a universal language of product classification. These six-digit codes, called a subheading, are used by customs authorities around the world to identify products for duties and taxes. They form the foundation for most export classification systems, like the HTS and Schedule B. Why Use HS Codes? Standardized: HS codes ensure smoother trade. Instead of learning every country's customs codes, exporters primarily need to understand the HS system. Universally Used: Include the HS code on any export documents used by both you and the importer, like proforma and commercial invoices and certificates of origin. Understanding Schedule B Codes Schedule B codes are the U.S.-specific system, managed by the U.S. Census Bureau to monitor U.S. exports. They share the first six digits of HS codes, but add four more for a total of 10. This extra detail helps further classify products for U.S. export tracking. When to Use Schedule B Codes? —Focus on Schedule B: As an exporter, you'll likely use Schedule B codes more than HS codes. —U.S. Exports Only: Schedule B codes are exclusive to the United States and for exports only. They may differ from the 10-digit Harmonized Tariff Schedule, or HTS codes used for U.S. imports. —Include on U.S. Filings: You'll need the 10-digit Schedule B code on documents or filings used for the U.S. export process. This includes your Electronic Export Information, or EEI, submitted to AESDirect, or on your Shipper's Letter of Instruction for your freight forwarder. Key Points to Remember —There are 10 digits in a Schedule B code compared to 6 for HS codes. —Schedule B codes are for U.S. exports only. —The Schedule B code for a product may differ from the HTS code used for imports. Classifying Your Products Correctly Using the right code is crucial. If you need help finding the correct classification for your product, the Shipping Solutions Product Classification Wizard can help. It provides several search methods that make the product classification process faster and easier than searching manually through the codes and regulations. Our databases are constantly updated with changing regulations, so you can be sure that you are accessing the most current information available. You’ll find a link in the description below to try it for free, along with other resources explaining the product classification process. *************** Chapters 00:00 Introduction 00:39 Understanding HS Codes 01:03 Why Use HS Codes? 01:27 Understanding Schedule B Codes 01:50 When to Use Schedule B Codes? 02:30 Key Points to Remember 02:50 Classifying Your Products Correctly *************** Make sure you subscribe to this channel for more practical advice for exporters and importers.    / @shippingsolutions   ************** #exportdocumentationsoftware #exportdocuments #usexportinghelp #usexportdocuments #shippingbillforexport #HS #HTS #ScheduleB #ProductClassification