Advanced Classification: Chapter 98 and Multilateral FTAs – November 2
Harmonized Tariff Schedule of the United States (USHTS) Chapter 98 is a bit of an anomaly; its use by importers can prove quite profitable, but they must be willing to maintain the required supporting documents for their claims.
Many importers think of Chapter 98 classifications as limited to very specialized items such as samples, tools of trade, imported race horses or race cars. While these categorizations continue to apply and remain quite useful to importers, they are nonetheless dwarfed in significance by the Chapter 98 provisions granting tariff relief for certain foreign-assembled products, items repaired overseas, and the expansion of the product scope for American Goods Returned.
Join us as we dive deep into Chapter 98 and the multilaterals and cover key areas of the trade regulations including:
- The requirements to claim Chapter 98 conditionally duty-free codes
- Qualifying for duty free status for certain foreign-assemble products, repairs and the expansion of scope of American Goods Returned
- 19 CFR Part 10 – Conditionally duty-free items – what’s in these regulations and how do they work?
- Rules to claim duty-free status for imports under the multilateral free trade agreements including:
- US Generalized System of Preferences (“GSP”).
- African Growth and Opportunity Act (“AGOA”).
- Caribbean Basin Economic Recovery Act (“CBERA”).
- How Customs and Border Protection Audits importers for documentation support of these conditionally duty-free programs
- Certain provisions that may enable your products to qualify for GSP when you thought that inapplicable.
What you will learn
After completing this course, you will be able to:
- Discuss the General Rules of Interpretation (GRI) for classification.
- Identify the conditionally duty-free offerings in Chapter 98 and explain the obligations of using these classification choices.
- Identify the required documentation necessary to support a Chapter 98 claim.
- Locate necessary documentation required by law as outlined in 19 CFR part 10 for Chapter 98 declarations as well as various free trade agreements.