Businesses Turn to Advanced HS Code Technology Amid Supply Chain Disruptions: Survey
By Anne Van de Heetkamp, Descartes, VP of Product Management (Global Trade Intelligence) It goes without saying that we have to apply the correct Harmonized System (HS) code and tariff treatment to goods based on the country of import prior to shipping. While...Brexit Impact will be felt far beyond Europe
By Martin Meacock, Descartes, Director Product Management, Customs Europe The biggest impact of the United Kingdom leaving the European Union will be because the UK will no longer be part of the EU Customs Union and because of the Single Market reintroduction of...What is a Binding Rule?
When goods are imported into the United States, they are subject to certain formalities involving Customs and Border Protection (CBP). Commodities are typically required to be “entered,” or declared to CBP, and are subject to scrutiny by Customs officials to ensure...What are Antidumping and Countervailing duties?
Antidumping (AD) and Countervailing (CV) duties are additional fees that the United States Department of Commerce (DoC) uses to discourage demand for products deemed to be import sensitive. AD/CV duties are one of the mechanisms that the U.S. government uses to help...Why Is An Accurate Tariff Database Important?
Products shipped internationally may be subject to duties (tariffs), taxes, and other fees that are assessed by customs authorities. These duties and other trade restrictions can hinder a company’s ability to conduct international business: a high tariff may make a...
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