What is a tariff database?

The

tariff database is a detailed list of tariffs located on specific types of goods. Importers will regularly consult a tariff database to find out how many import obligations they will have to pay for the product and install this amount in their financial planning. Exporters will use such a database to decide what price they charge foreign customers because they know that customers will have to pay this tariff. In some cases, tariffs can be used simply as a general tool for increasing revenue for the government. In other cases, tariffs may be an attempt to influence prices and thereby influence trade. Interesting to deliberately use high tariffs to discourage citizens from the purchase of imported goods, thereby strengthening the business of domestic manufacturers, is known as protectionism. This is a legal record. The database only turns into a mold that can be easily searched electronically. Searching a schedule in printed form can be very complicated because the arrangement of statements is not always in order that would be specificThe importer considered it logical.

The

tariff database is usually an extremely complicated and detailed data set. For example, different databases of the United States tariffs work from a document known as a harmonized tariff. This contains more than 17,000 categories of goods. For example, the vulcanized transmission V-Belts are classified in eight different categories, depending on their size, whether they are ribbed and whether they contain other materials.

Most countries participate in a system known as a harmonized description of the commodity and the coding system, otherwise known as a harmonized system. This means that all the relevant landing use the same reference codes for the same type of good. Within the system, all countries follow a list of four -digit codes for general categories of goods and then two more digits to cover subcategories. The idea of ​​this system is to ensure that businesses in one country are easier to check in detailSTI on a tariff database in another country. The system also allows for easier data collection such as global trade statistics.