Vital Information On Harmonised Tariff Schedule.
If you are reading this then it means you want to try the import and the export world.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 are at the right place, after reading this, you should have a clear picture of the same.For a start, this is just a code assigned to your container or goods at the port.
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 codes you will receive can tell what you are shipping.The wrong code might be disastrous.This is not something you may want especially when you are in the business world.
The first thing you should know is that they enhance collection duties at the port.They also ensure that you will receive your goods and even if you don’t tracking would be very easy, you will also be making payment to the right departments.Many countries use this code system, this makes it easy for you to know all the information about your goods.
This code makes it easy for you to comply.It is very imperative that you have the code or you might be charged, in some countries it is a criminal offence.Every port ha inspectors, when they discover you are shipping without the code, you will be in for some trouble.In worst cases, you might even be banned from any port, this is not good news especially if you are in the business world.
This system also gives all the importers a fair chance in their world.The business world is a very competitive world.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 give same and fair chances, the system comes in handy in making certain that you have fair chances.
Another gain is that your products or company will be visible to your customers.You should know that visibility is an important aspect to note in the business world, the companies that do not use the system are in great danger.It is imperative for public perception.
You will also be increasing the productivity as a business person.You will be having clear and swift flow of goods when you have the right paper work.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 record makes it easy for you to get help when you have an issue.