the importance of knowing the correct tariff classification of products
DESCRIPTION
THE IMPORTANCE OF KNOWING THE CORRECT TARIFF CLASSIFICATION OF PRODUCTS. Understanding Tariff Classification All traded goods that enter a country must be categorized according to the Harmonized System The act of placing goods in the correct category is called classification . - PowerPoint PPT PresentationTRANSCRIPT
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Section II Vegetable Products
Chapter 8 Edible fruits and nuts; peel of citrus fruit or melons
Heading 08.03 Bananas, including plantains, fresh or dried 0803.10 - Plantains 0801.90 - Other
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Section II Vegetable Products
Chapter 8 Edible fruits and nuts; peel of citrus fruit or melons
Heading 08.03 Bananas, including plantains, fresh or dried 0803.10.00 - Plantains 0801.90.00 - Other
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Hdg. No.
AHTN Code 2012
DESCRIPTION
Rate of Duty (%)
ASEAN
Member
States
Enjoying Concession
MFN
ATIGA2012-2013
2014-2015
(1) (2) (3) (4) (5) (6) (7)
84.01 Nuclear reactors; fuel elements (cartridges), non-irradiated, for nuclear reactors; machinery and apparatus for isotopic separation.
8401.10.00 - Nuclear reactors 3 3 0 Except LA.
8401.20.00 - Machinery and apparatus for isotopic separation, and parts thereof
3 3 0 Except LA.
8401.30.00 - Fuel elements (cartridges), non-irradiated
3 3 0 Except LA.
8401.40.00 - Parts of nuclear reactors 3 3 0 Except LA.
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• FTAs do not award tariff benefits to all goods.•To qualify for preferential tariffs, goods must be (Philippine) originating.
Rules of OriginAn objective set of criteria set up to determine a
product’s originating status.
AHTN 2012 DESCRIPTION FTA MFN RATE, % FTA RATE, % PSR
0803.90.00
(PH rate: MFN – 15% PJEPA – 0AJCEPA – 8)
Bananas, fresh or dried
Japan AJCEPA
PJEPA
20 / 25 / 3
15.5 / 22.7 / 0
5.5 /9.1 /10.9/19.1 /
0
CC
CC
Top traded products between Japan and Philippines
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AHTN 2012 DESCRIPTION FTA MFN RATE, %
FTA RATE, %
PSR
4418.10.00
(PH rate: MFN – 5% PJEPA – 0AJCEPA – 0)
Windows, French-windows and their frames
Japan AJCEPA PJEPA
000
CTHCTH
Top traded products between Japan and Philippines
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AHTN 2012 DESCRIPTION FTA MFN RATE, %
FTA RATE, %
PSR
4418.90.10
(PH rate: MFN – 5% PJEPA – 0AJCEPA – 0)
Cellular wood panels
Japan AJCEPA PJEPA
500
CTHCTH
Top traded products between Japan and Philippines
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AHTN 2012 DESCRIPTION FTA MFN RATE, %
FTA RATE, %
PSR
8544.30.128544.30.138544.30.148544.30.19
(PH rate: MFN – 15/30 PJEPA – 8/SAJCEPA – 8/15/30)
Wiring harnesses for motor vehicles
Japan AJCEPA
PJEPA
00
0
RVC (40) or CTH
RVC (40) or CTH
Top traded products between Japan and Philippines
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How can you avail of these incentives?
1.Know the correct AHTN heading of your product.
2. Verify if the product is offered under FTAs.
3. Compare the tariff rates under MFN and FTA.
4. Check the “Product Specific Rules or PSR”.
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TARIFF CLASSIFICATION RULINGS
Section 1313a of the Tariff and Customs CodeTC Form 1 (Imports)TC Form 2 (Exports)
Forms downloadable at TC WebsiteSubmit accomplished form, together with
samples, technical brochures (description, function, composition, etc.)
Filing Fee (P300.00 per article)
17Accomplished TC Form 1 Advance Ruling issued
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TARIFF COMMISSION5th Floor Philippine Heart Center,
East Avenue, Diliman, Quezon City
Tel. (+632) 926-8731Fax (+632) 921-7960
Website: www.tariffcommission.gov.phEmail/s: [email protected]
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Thank you!!Thank you!!