Harmonise Tariff Schedule.
If you are looking for information about harmonised tariff schedule then you might be about to ship something or import 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, this is a code given to you for you goods or container at the port.
There are many categories in the shipping world, for instance food stuffs and machinery cannot be on the same category.This means that the codes you will receive can tell what you are shipping.The wrong code could be disastrous.This is not something you may want if 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.Most countries use this code system, this makes it easy for you to track 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.The business world is a very competitive world.In order to make it you need to be on the top of your food chain.This could be hard if someone is making all the imports and you are left with none, with the system, you can track and know thus a fair chance.
Another gain is that your products or company will be visible to your customers.When you work with the codes, the ports will make you visible.Visibility is important for public perception on your goods and products.
You will also be increasing the productivity when you use these codes.You will be making a clear flow of goods when you have the right paper work and the code.As soon as your goods arrive, you will have the proper documentation thus taking the goods and leaving.You will also be making a clear record at the ports.Good records will ensure you are helped as fast as possible in case of a misunderstanding.