How our client saved $85,000 in duties

  • By Jill LaMadeleine
  • 16 May, 2016

Correctly classifying your imports can result in significant tariff reductions:

 
Is this a pen or is it a chemical product?

While this may sound like an insignificant distinction, where this item is classified according to the Harmonized Tariff Schedule of the United States will determine how much duty the importer pays on that item.

The item above is a correction pen of course and according to the Harmonized Tariff Schedule of the US, it is properly classified as a chemical product.

Our client who was importing the correction pens was incorrectly classifying them as pens. When we conducted our review, protested the incorrect classification and received approval of the correct classification, we saved our client over $85,000 a year.                                                              

Our experience has found that about 10% of all imports are misclassified resulting in an overpayment of duties due. These misclassifications can be caught in a review conducted by ITM. Things are not always what they appear to be according to the harmonized tariff schedule.

OUR TEAM IS READY TO RUN THE NUMBERS FOR YOU!
Share by: