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An understanding of the Harmonized System is essential for importers and exporters alike. Proper classification under the Harmonized Tariff Schedule or Harmonized Schedule B is a regulatory requirement under the Customs Modernization Act and export control regulations.
According to a news release, an online class offered by IMC at 10 a.m. Jan. 9 will discuss how they affect the new "Countervailing Duties" on goods from China & other origins. This program will provide those new to importing, exporting or the seasoned professional a solid understanding of the classification process. It will also benefit anyone involved in determining eligibility for Free Trade Agreements.
Benefits of the program include understanding the Harmonized System and when to use the harmonized Tariff or Schedule B, mastering the general Rules of Interpretation, General Notes and Trade Preference Provisions to correctly classify your imports for advantageous duty rates, learning how product modification, trade agreements, and preference programs can reduce duty paid, learning how to obtain classification ruling from USBP or other government agencies, learning what "tools" are out there to assist with your classification process and avoiding fines, penalties overpayment of duties and other regulatory compliance problems.
According to the news release, the program is sponsored by SAPDC International Program and presented by Bob Imbriani. More details are available at the IMC website, imcpa.com