HARMONY SYSTEM Flashcards
The international nomenclature for classification of products?
Harmonized System (HS)
When was HS introduced?
1998
Digit code system that HS follows:
SIX- DIGIT CODE SYSTEM
HS revisions were made on the years:
1996, 2002, 2012, and 2017
The STRUCTURE OF HS: __ articles, __ chapters, __ sections
5,300 articles, 99 chapters, 21 sections
The STRUCTURE OF HS: __ articles, __ chapters, __ sections
5,300 articles, 99 chapters, 21 sections
Main objectives of disaggregation:
- Easy customs administration
- Multilateral or regional trade negotiations
COMPOSITION OF HS:
- General Rules for Interpretation of the System (GRIS)
- Section and Chapter Notes, including subheading notes
- List of headings arranged in alphabetical order
PUBLICATIONS COMPLEMENTING THE HS CODE:
A. Explanatory Notes
B. Alphabetical Index
C. Compendium of Classification Opinions
In Harmonized System 2017, the correction to subheading 44.01 was made and enforced in?
Made: 11 June 2015
Enforced: 1 January 2017
In HS 2017, omission to subheadings of chapter 44 was made and enforced in:
Made: 27 June 2014
Enforced: 1 January 2018
HS 2017 has__ sets of amendments
242 sets of amendments
intergovernmental commitment of contracting parties
HS Convention
How many times does the HS Committee meet
Twice a year
Decisions must be __, to be approved by the Council
two-thirds