Basic Principles of Customs Classifications Under the Harmonized System
Global Trade and Customs Journal, Vol. 3, No. 2, 61-67
Posted: 23 Aug 2017
Date Written: February 15, 2008
Abstract
The fundamental rules for the classification of goods into a customs tariff that complies with the Harmonized System (HS) for the description and coding of goods, are six general rules that apply worldwide. This article examines the six basic rules of classification and explains their usage. Understanding these basic principles enables users around the globe to uniformly apply customs tariffs that are based on the HS nomenclature.
Keywords: World Customs Organization, WCO, Harmonized System, HS, legislation, capacity building, economic integration, trade facilitation, Trade, Tariffs, Duties, Nomenclature, Customs Classification,
JEL Classification: F53, K34
Suggested Citation: Suggested Citation