Customs app to simplify footwear classification
06/11/2013
In the 1930s, the US instituted a tariff code which sought to classify and tax imported footwear based on components. Over time, as new components have been used to produce footwear and as the industry moved overseas, the tariff code has become increasingly difficult to understand and costs have increased as the industry works to comply with classifications.
FDRA president Matt Priest said: “I know customs classification is not the most exciting issue, but every footwear CEO knows the importance customs duties have to costs, revenue and profits. Companies are eager to use our app because we are the only footwear association that provides in-depth customs classification and will provide guidance in less than 24 hours – all of which will boost footwear companies' bottom lines by saving them time and greatly enhancing their decision making abilities.”
The application will maintain a database of product records that will serve as a historical reference companies can use as they develop new samples.
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