SA Tariff Rate Setup field descriptions
Fields are presented in alphabetic order.
- Country of Origin
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Specify the country for which the tariff code is to be applied. This is the country where a product was manufactured, produced, or grown. Country codes are set up in SA Table Code Value Setup.
- Duty Rate %
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The percentage duty rate that is assessed on the products that corresponds to the tariff code specified.
- GL Account #
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The brokerage firm that handles the crossing of your imported products invoices you for the amount of the tariff and processing fees. Specify the General Ledger account number that is to be debited for the invoiced amount.
- Harmonized System Tariff Code
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This 11-character alphanumeric field can be used for specific HS Codes or other kinds of tariff codes. Specify a federal government tariff code or create your own code. If you have certain product lines that are imported and are assessed the same rate, you might group the products together with the same tariff code.
A harmonized tariff (HS) code is part of the Harmonized Commodity Description and Coding System that was created by the World Customs Organization (WCO). The HS system uses a logical nomenclature method to categorize goods into approximately 5,000 commodity groups. Countries often assign customs duties based on the harmonized tariff code of the product.