Understanding Bearing Classification and Customs Code Compliance

Understanding Bearing Classification and Customs Code Compliance

Bearings are vital mechanical components, making accurate classification of their HS codes essential. According to the Customs Import and Export Tariff of the People's Republic of China, rolling bearings and sliding bearings fall under different categories, subdivided into multiple codes. During the declaration process, it is crucial to avoid coding errors and brand infringement risks to ensure compliance and accuracy.

Steel Tariffs Under HS Code 72 Stir Industry Concerns

Steel Tariffs Under HS Code 72 Stir Industry Concerns

This article delves into the role of HS Code Chapter 72 in classifying steel product tariffs, analyzing its impact on the steel industry and proposing strategies for businesses to address the challenges. It emphasizes the importance of companies strengthening their knowledge of HS codes, establishing comprehensive management systems, and closely monitoring policy changes. The aim is to help steel companies enhance their competitiveness in the global market by navigating tariff complexities and adapting to evolving trade regulations.

World Customs Organization Explains Global Trade Classification System

World Customs Organization Explains Global Trade Classification System

The 59th session of the World Customs Organization (WCO) Harmonized System Committee (HSC) reviewed and released a series of commodity classification opinions, Harmonized System Explanatory Notes revisions, and classification rulings. These decisions directly impact global trade. This article provides an in-depth interpretation of the meeting's outcomes, focusing on newly added commodity classification cases. It also offers practical advice for import and export companies on utilizing HS classification decisions, aiming to help businesses better understand HS codes and enhance their global trade competitiveness.