Classification
Are you sure your product codes are accurate and not out-dated? Correct product compliance determines your customs duty rates as well as whether you need an export license.
What are the risks? If you haven’t reviewed your classifications in over five years, it is very likely your classifications are old or redundant. Customs looks for common errors, such as classifying items in basket provisions (other, other). Incorrect classification can either lead to underpayment of customs duties or even overpayment of customs duties.
Let DSG Global be your guide.
Ensuring you are paying accurate customs duties, not over or under.
Ensuring that you are assigning accurate HTS codes based on the latest binding rulings.
Minimize the risk of being charged extra duties & interest or being selected for a customs audit.
Our Solution
We meet product specialists, and learn more about the technical characteristics of each product group. This will allow us to reduce the entire product database into “unique product groups”. These discussions will also enable us to delete duplications as well as obsolete or low frequency imported items.
DSG Global then provide the 10-digit HTS numbers for its “unique product groups” for imports into the United States. DSG Global will provide the following information in Excel format:
HTS Classification number
Comments, indicating methodology for classification;
Applicable customs rulings
Applicable customs duty rate.
Case Study
Background
A large semiconductor company was making a million dollar SAP integration but the IT department told the Trade compliance team that they needed to classify all their 40,000 commodities for uploading into SAP.
Challenge
The client contacted DSG Global requesting that we classify their products.
Our Solution
DSG Global asked the client for a report of all the SKUs. We also requested a report of which SKUs has not been imported or exported in 2 years. Based on the active skus, we contacted the original manufacturer for a list of the HTS numbers. We also divided the parts list into categories to classify such huge volumes quickly
Result
With all its parts classified, the client was able to upload this information into SAP for a successful and timely ERP implementation.
Client Testimonial
“Deep has the unique ability to articulate the most intricate details of regulatory so that customers clearly understand their compliance requirements. Deep brings instant credibility to any business setting with enthusiasm, delight, and honesty providing the highest ethics I have encountered in my career. ”
Learn more about how Classification can help your organization with a complimentary consultation.