What is Tariff Schedule?
Tariff Schedule An official list of duties, taxes, or tariffs levied by a country on imported or exported goods, arranged by commodity code and rate, as published and maintained by customs authorities or under trade agreements.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Tariff Schedule” Used in Practice?
According to the customs tariff schedule, different duty rates apply based on the specific HS code of the imported goods.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Tariff Schedule?
An official list of duties, taxes, or tariffs levied by a country on imported or exported goods, arranged by commodity code and rate, as published and maintained by customs authorities or under trade agreements.
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