Setting up tariff rates

If you import a product from a foreign country, a tariff may be assessed. The tariff varies depending upon the type of product. In SA Tariff Rate Setup, define codes and tariff rates for imports and exports. You can add or delete codes and tariff records. You cannot modify a record. SelectSearch to find a tariff. The function is flexible depending upon how you use the harmonized system tariff code.

• Use as a tariff code with duty rates - Certain products that you import from foreign countries are assessed a customs or duty fee. You can use this function to establish a recurring tariff rate for your imported products. Because General Ledger codes are company-specific, tariff codes are company-specific. If you are in a multi-company environment, you must establish tariff codes for each company. Define the General Ledger account number that is to be debited for the invoiced amount.

The tariffs created in this function can be assigned to product records in Warehouse Product Setup, Product Setup, Product Catalog Setup, and Product Lines Setup. The duty rates contained in this record are used to calculate actual duty amounts when you receive imported products in Purchase Entry Receipt of Inventory.

• Use as a unique Harmonized System Tariff Code - To print a Harmonized System Tariff Code on orders or other documents, use the Harmoized System Tariff Code field to define a specific World Customs Organization's Harmonized System code. For example, 700910, identifies the product as "rear-view mirrors used in vehicles."
• Combine Harmonized System Tariff Code, Country, and Duty Rate - If you order a type of product from a company in a specific country, the recommended use is to set up a specific Harmonized System Tariff Code, associate that code with a Country of Origin, and assign a duty rate and General Ledger account to the code.