HARMONY SYSTEM Flashcards

1
Q

The international nomenclature for classification of products?

A

Harmonized System (HS)

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2
Q

When was HS introduced?

A

1998

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3
Q

Digit code system that HS follows:

A

SIX- DIGIT CODE SYSTEM

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4
Q

HS revisions were made on the years:

A

1996, 2002, 2012, and 2017

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5
Q

The STRUCTURE OF HS: __ articles, __ chapters, __ sections

A

5,300 articles, 99 chapters, 21 sections

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5
Q

The STRUCTURE OF HS: __ articles, __ chapters, __ sections

A

5,300 articles, 99 chapters, 21 sections

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6
Q

Main objectives of disaggregation:

A
  1. Easy customs administration
  2. Multilateral or regional trade negotiations
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7
Q

COMPOSITION OF HS:

A
  1. General Rules for Interpretation of the System (GRIS)
  2. Section and Chapter Notes, including subheading notes
  3. List of headings arranged in alphabetical order
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8
Q

PUBLICATIONS COMPLEMENTING THE HS CODE:

A

A. Explanatory Notes
B. Alphabetical Index
C. Compendium of Classification Opinions

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9
Q

In Harmonized System 2017, the correction to subheading 44.01 was made and enforced in?

A

Made: 11 June 2015
Enforced: 1 January 2017

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10
Q

In HS 2017, omission to subheadings of chapter 44 was made and enforced in:

A

Made: 27 June 2014
Enforced: 1 January 2018

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11
Q

HS 2017 has__ sets of amendments

A

242 sets of amendments

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12
Q

intergovernmental commitment of contracting parties

A

HS Convention

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13
Q

How many times does the HS Committee meet

A

Twice a year

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14
Q

Decisions must be __, to be approved by the Council

A

two-thirds

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15
Q

The Functions of the Committee is stated in Article __, HS Convention

A

Article VII