2022 HS/HTS Tariff Schedule: Regulatory changes – Are you and your business ready?

The foundation of customs compliance is based on HS/HTS classification. Correct classification of goods is the responsibility of the importer to meet regulatory tariff requirements. On January 1^st, 2022, the World Customs Organization’s 7^th edition of the Harmonized System (HS/HTS) goes into effect, and these changes could affect timely shipment release and accurate declarations.

This webinar will explain what will change in the 7^th edition of the tariff schedule and how these changes will affect Canadian and U.S. importers’ business. Discover the steps to mitigate risk, improve compliance, and reduce supply chain disruption and costs.

Subjects covered in this session:

• A brief historical overview of the harmonized system and coding
• The importance of correct classification
• Structure of the tariff
• Highlights of the upcoming 2022 WCO tariff changes
• The role of HS concordance tables
• The importance of free trade agreement certification updates
• Key challenges, consequences of non-compliance, and steps to mitigate your risk of audits and duty assessments

Who Should Attend?

Canadian and U.S. businesses, specifically, individuals in roles such as, chief compliance officer, controller, traffic manager and supply chain professionals should attend this webinar.