News & Noteworthy

You’ve worked out your classification strategy and your budget. Now it’s time to prepare. What does that entail? What information is required to conduct a comprehensive, efficient and accurate export classification project? How should the data be organized? These are important questions that will affect the success and timeliness of this critical compliance initiative.

We often get this question from prospective clients, even before we know anything about the items on their list. This is like taking your car to a mechanic and asking, “How much to fix my car?” Since he doesn’t yet know what’s wrong, the mechanic can’t know how long it will take to fix.

Picture this: you’ve gone through the sales cycle, the product is loaded and ready to ship, your work is done – or so you thought. The phone rings. It’s Larry on the loading dock asking for an ECCN which you don’t have. Your shipment’s held up, meaning costly delays and an unhappy customer.

Do you understand the difference between the Harmonized Tariff Schedule (HTS) and Schedule B? Exporters often use these terms interchangeably. Technically, however, they serve very different purposes.