Objective
Classification entails classifying products into correct tariff codes to determine the duty liability. Failure to classify product correctly will not only involve increased duty liability but will also affect a company’s product costing. There is a possibility that wrong classification of goods might infringe into certain customs legislations and attract customs audit and investigations leading to substantial claims. A better understanding of the Harmonized Coding System and how classification of goods is done based on the General Interpretative Rules (GIR Rules) will prevent potential problems in the future.
Participants will be able to understand the structure of the Harmonized System and what avenues are available if businesses are not agreeable with tariff codes decided by the officers of Royal Malaysian Customs Department (RMCD)
How Will You Benefit
- Participants will understand the nature concepts and regulations in respect of classification of goods.
- The difference between HS Code and AHTN Code and its significance.
- Understand the rules of classification and to gain an insight into how goods are normally classified to decide not only on duty liability but also whether the goods are subjected to anti-dumping duties and/or import licenses
- Appeal and review process available to businesses in the event they are aggrieved by the decision of DG on classification.
Who Should Attend
This course is suitable for all importers, exporters, manufacturers, trading houses, forwarding agents, shipping agents and tax professionals.
Outline
Module 1
- Definitions of Nomenclature and Harmonized System
- Aims of Harmonized System
- Legislations related to Classification
Module 2
- Harmonized System Coding (HS)
- Methodology used in classification
- Structure of Harmonised System
- Arrangement of Harmonised System
- Numerical Coding System
- Principles of Tariff Classification
- Six General Interpretative Rules (GIR) of Classification
Module 3
- Functions of Section and Chapter Notes
- Steps in Classifying of Goods
- Classification of Goods imported under consignment basis
- Impact of Incorrect Classification
Module 4
- Legislation related to Classification – Section 13, 13A, 13B and Section 22 Customs Act 1967
- Application for Advance Customs Ruling on Classification
- Disputes as to Classification and Rights of Importers & Exporters
Module 5
- Review & Appeal Procedures
- Customs Appeal Tribunal
- Case Studies