ITC Posts Electronic Version of 2007 HTS (Preliminary - Effective Jan. 1, 2007)
The International Trade Commission has posted to its Web site the electronic version of the 2007 HTS (Preliminary - Effective Jan. 1, 2007).
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The ITC states that effective January 1, 2007, this version includes scheduled rate changes under several trade agreements (staged duty rate reductions for 2007).
This version also includes changes in reporting at the statistical level (the 9th - 10th digits) approved by the Committee for Statistical Annotation of Tariff Schedules (the "484f Committee") for certain tariff numbers in Chapters 3, 8, 39, 44, 48, 72, 73, and 85.
The ITC states that it does not include upcoming World Customs Organization (WCO) changes as a result of modifications in the international Harmonized System (HS) nomenclature. (According to trade sources, the WCO changes are expected to take effect no earlier than February 1, 2007.)
Nor does this version of the HTS include changes from certain provisions of the Tax Relief and Health Care Act of 2006 (HR 6111), which will become effective after January 1, 2007.
However, a review of the Change Record for the posted version of the HTS suggests that a number of HR 6111 changes that are effective December 20, 2006 or earlier, are reflected in this version, including changes affecting certain tariff numbers in Chapters 70 and 99.
See the following ITC link for list of all of the changes in this preliminary version of the HTS, at http://hotdocs.usitc.gov/docs/tata/hts/bychapter/070Pchgs.pdf .
ITC electronic version of 2007 HTS (Preliminary - Effective Jan. 1, 2007) available at http://www.usitc.gov/tata/hts/
(See ITT's Online Archives or 12/21/06 news, 06122100 for BP summary of the signing of HR 6111 into law. See ITT's Online Archives or 12/20/06 news, 06122005 for Part I of BP series of summaries of HR 6111. See ITT's Online Archives or 12/19/06 news, 06121905 for recent update on WCO HTS changes.)