Understanding Codes For International Trade Many trade compliance departments are faced with the decision to assign both a Schedule B Number and a Harmonized Tariff Schedule (HTS) code to their products, or just to assign the HTS code only. The Harmonized System of classification is a six-digit standard for classifying globally traded products. The first…
The BIS recently published a list of seven new “best practices” to help companies improve their export trade compliance. Specifically, these best practices are designed to help avoid the diversion of dual-use items at international transshipment points (or “hubs”). Here are the seven best practices. It seems that this list comes up short on practical, real-world advice…