Dutiable status correct answers Of goods refers to the legal status of imported goods at the time of entry for purposes of compliance with the tariff and custom laws.
Determined by three factors:
1. The classification and numerical coding of the article
2. The customs value of the article
3. ...
BSAD486 ch12 || with 100% Error-free Answers.
Dutiable status correct answers Of goods refers to the legal status of imported goods at the time
of entry for purposes of compliance with the tariff and custom laws.
Determined by three factors:
1. The classification and numerical coding of the article
2. The customs value of the article
3. The country of origin of the article
First step in determining this status of an item is to locate it in the tariff schedule of the country
of import
Harmonized Tariff schedule of the United States correct answers the classification of goods used
to determine tariffs on specific products imported into the United States
It is a Tariff schedule created in 1989 and maintained by the international trade commission ITC
HTSUS correct answers Divides products into several thousand Tariff classifications, ranging
from basic commodities and agricultural products to manufactured goods.
Ad Valorem Tariff correct answers A value that is based on the value of the imported products
Specific Tariff rate correct answers Is the fixed charge per unit of the imported goods
Compound Tariff rates correct answers Is a combination of both ad valorem and a specific rates
General rules of interpretation correct answers GRI
Found at the beginning of the terrace schedule.
It is a set of six rules for classifying goods
The first step in determining the dutiable status of an article is determining it's tariff
classification using .....
Common and commercial correct answers Terms used to describe an article in the schedule are
interpreted according to their .... .. ... meaning unless a different scientific meaning is more
applicable
Rule of relative specificity correct answers Specifies the essential or main character of the
product in its heading.
If an article can be classified under two or more headings or subheadings it must be classified
under the one that most specifically describes the article with the greatest degree of accuracy and
certainty
, Composite goods correct answers Goods made of different materials
Essential character correct answers Two or more headings or subheadings each describe only
certain materials or components in composite goods, the article must be classified under the
heading that describes the material or components that give the article it's ...
It means "main component"
Tariff engineering correct answers The process of modifying or engineering a product prior to
importation, or importing it at an earlier stage of manufacturing, for the purpose of obtaining a
lower rate of duty.
An article is to be classified according to its condition at the time it is imported
This allows importers to enter their goods at any step in the manufacturing process in order to
obtain a lower rate of duty
Dutiable value correct answers Also called the customs value, of goods entered into any country
must be reported by the importer of record to national customs authorities at the time of entry
Production assists correct answers These are goods, services, or intellectual property provided
free or at a reduced price, (to a foreign producer by an importer) for use in producing
merchandise for import into the United States.
The value of an assist must be included in transaction value when the goods are imported into the
United States.
Country of origin correct answers Is that country from within imported article it said to have
originated according to specific roles, known as rolls of origin.
Rules of origin correct answers Are the legal rules used to determine the country of origin of
imported products
Non-preferential rules of origin correct answers Are those applicable to imports from developed
countries that receive normal Tariff treatment or that have normal trade relations
Preferential rules of origin correct answers those applicable to goods traded within a free trade
area or customs union, or that receive preferential tariff treatment under trade preference
programs for developing countries
Non-preferential rules of origin in the US correct answers The general rule applicable to most
non-preferential trade is that the country of origin of an article imported into the United States is
the country in which the article was wholly obtained.
Wholly obtained means that it was wholly the growth product or manufacture of one country.
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