When it comes to international trade, understanding the correct codes for the goods you are exporting or importing is essential. The Schedule B number is one of the most important codes in the United States export process. But what exactly is it? And how does it relate to other trade codes, like the HTS or HS code? In this blog, we will explore the Schedule B number, how to find it and its importance in global trade.
What is a Schedule B Number? Or is it a Code?
The Schedule B number is a 10-digit code
used to classify products for export from the United States. It is used for
statistical purposes like monitoring trade flows and compiling trade data.
These codes are part of the Harmonized System (HS), which is a globally
accepted method for classifying goods in international trade.
While the term "Schedule B" is used,
it is essentially a code that identifies the specific product being exported.
These numbers are required on export documentation to facilitate the correct
classification and customs procedures.
1. What are Schedule B Numbers Used For?
Schedule B numbers are used primarily for the
following purposes:
a. Statistical Reporting: For tracking the export of goods
from the United States.
b. Regulatory Compliance: For ensuring compliance with United
States export laws and regulations.
c. Customs Procedures: For customs clearance at United
States borders and in international trade.
These codes help streamline the export process
by ensuring that goods are correctly classified, taxed and regulated.
2. Are Schedule B Numbers Universal?
The answer is no. Schedule B numbers are
specific to the United States. However, they align with the HS code system
which is used worldwide. While the Schedule B number is essential for United
States exports, other countries use their own version of export classification
systems. For instance, the Harmonized Tariff Code (HTS) is used for imports
into the United States and is also aligned with the HS code system.
How Do I Find My Schedule B Number?
Finding the correct Schedule B for shipping
is crucial for smooth international trade. Here's how you can find it:
Steps to Find a Schedule B Number
a. Visit the Schedule B Database: The United States Census Bureau
provides an online Schedule B finder tool on their website where you can
search for the correct code. With this method you can easily find Schedule B
2024.
b. Consult the Official Schedule B
Instructions: The Schedule
B instructions provide a comprehensive guide to understanding the system
and locating the appropriate number for your product.
c. Use an Automated System: Some companies use trade software
to automatically determine the correct Schedule B number for their products,
ensuring they comply with regulations and avoid errors. You can use these tools
with the Schedule B search feature.
d. Check with Your Freight Forwarder or Customs
Broker: If you're
still unsure, consult a logistics expert or customs broker. They are experts in
finding the correct Schedule B export codes.
How Do I Read a Schedule B Number?
The Schedule B number consists of 10 digits.
Here is a breakdown of how to read the code:
The first six digits: Represent the HS code, which is
used internationally to identify goods.
The last four digits: Represent specific United States
classifications that are used for statistical purposes.
For example, if you were exporting goods, the
Schedule B number would include the HS code for goods (Schedule B example:
1234.56.7890) with the last four digits representing United States specific
classifications.
What's the Difference Between a Schedule B Number and an HTS Code?
While both the Schedule B number and HTS code
are based on the Harmonized System (HS), there is a key difference between
HTS and Schedule B:
Schedule B number: This is primarily used for United States
exports. It is used to classify goods for statistical purposes and for export
regulations.
HTS code: The Harmonized Tariff Schedule (HTS) code is
used for imports into the United States. It helps determine tariffs and taxes
for goods entering the United States.
The main difference between Schedule B vs
HTS code is their usage. While HTS is for imports, Schedule B number for
export.
TradeAtlas Empowers Businesses
Understanding the connection between Schedule B
and global trade is crucial for exporters. Schedule B harmonized codes,
including the HS code Schedule B and Schedule B harmonized tariff
code, classify products for export. By using TradeAtlas, companies can find
United States exporters and what they export from other countries. In this way,
companies can get ahead in competition in export markets.
You can
find detailed list of tariffs by country on the TradeAtlas
website.
