European Union Issues 2007 Version of Harmonized Tariff Schedule
The European Union has published in the Official Journal of the European Union the 2007 version of its Combined Nomenclature (the EU's version of the Harmonized Tariff Schedule) in order to conform to the amendments made by the World Customs Organization (WCO) to the Harmonized Tariff System. The amendments to the HTS will go into effect in all countries, including the U.S., on January 1, 2007. The 880 page document can be found at the following link (click on the number 1 at the right hand side of the page to access the PDF document).
The U.S. International Trade Commission (ITC), which oversees the Harmonized Tariff Schedule of the United States (HTSUS), is expected to release the 2007 version of the HTSUS in the near future. In the meantime, U.S. importers are encouraged to review the ITC's final report on the proposed amendments to the HTSUS (Publication 3851) to see how particular HTSUS numbers will be affected. In addition to the changes in numerous HTSUS headings and subheadings, the changes will include revisions to the Rules of Origin set forth in NAFTA and other trade agreements.
Labels: Customs
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