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HS Classifications for Remanufactured Goods

HS Classifications for Remanufactured Goods. Masaki Okamoto Customs and Tariff Bureau Ministry of Finance, Japan Kuala Lumpur, October 22, 2012. 1. 1 HS Classifications. “ HS (Harmonized System) classifications ” is. to classify trading goods in an internationalized nomenclature;

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HS Classifications for Remanufactured Goods

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  1. HS Classifications for Remanufactured Goods MasakiOkamoto Customs and Tariff Bureau Ministry of Finance, Japan Kuala Lumpur, October 22, 2012

  2. 1. 1 HS Classifications “HS (Harmonized System) classifications” is • to classify trading goods in an internationalized nomenclature; • stipulated in “International Convention on the harmonized Commodity Description and Coding System (HS Convention)”; and • drafted by the World Customs Organization (WCO).

  3. 1. 2 HS Classifications • Coding Structures Section > Chapter > Heading > Sub-heading (Broad) (Detailed) • “Notes” are prepared in almost all the Sections and Chapters in order to enhance interpretation of classifying goods. e.g.)Vacuum Cleaner Section XVI: Machinery and mechanical appliances Chapter 84: … machinery and mechanical appliances; … Note: this chapter does not cover: … (e) vacuum cleaners of heading 85.08; … Chapter 85: Electrical machinery and equipment … Heading 85.08: Vacuum cleaner Sub-heading 8508.11: of a power not exceeding 1,500 W and having a dust bag or other receptacle … Sub-heading 8508.19: Other: 2,000W

  4. 1. 3 HS Classifications The systematic and uniform classifications of all goods among the international trade. • Hierarchical classification system; • Classifications of goods are done with a step by step methodology; and • The step are done based on the Rules for the Interpretation of the Customs Tariff Schedule (General Rules)

  5. 1. 4 HS Classifications • Necessity of applying HS classifications • To differentiate the tariff rate according to the nature or characteristics of the trading goods. • Universal language of the international trade • Contracting parties 145 (as of October 2012) • HS classifications are applied in more than 200 countries/regions. • HS classification are applied to more than 98% of world trade according to the WCO.

  6. 2. 1 HS Classifications of goods by Characteristics • Goods classified by characteristics

  7. 2. 2 HS Classifications of goods by Purposes • Goods classified by purposes

  8. 2. 3 HS Classifications:Easy or Difficult? • Knowledge to apply an accurate classification to a trading good is necessary and important for all the stakeholders. • In case HS classification changes, different tariff rate may be applied on the good. • Understanding of HS classification are required for exporters and importers to make the right decision of HS classifications. • It also affects cost consideration of manufacturers.

  9. 3. Classification ofRemanufactured Goods purposes Characteristics ? “end-of-life products (or cores) to their original performance specifications, with renewed lifetimes” “as good as new” “to develop progress to return core to new condition” “same-as-new” Used Cars

  10. Thank you…

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