Monday 7 November 2011

HTS code -What is it

Well ,HTS code classifies goods to categories of crude and natural products, and from there proceeds to categories with increasing complexity.

How is it related to oracle .Actually for all the export related documentation ,like commercial invoice .The HTS code for the product is mandatory .As per the trade compliance ,HTS code should be displayed in the reports .Well where do i store it and what are the guidelines to find the HTS code ?

There are no standard columns in Item Master to store HTS code ,The option is to go to Flexfield/Context sensitive Flex/Item categories etc /Item catalog etc .However establishing this code would be a huge business activity if it is not there already .

These are some of the practical problems in the implementation.Wrong HTS code on the export documents also can get penalized ....

I wish Under Order Managment table ,There is a specific sub tab for EXPORT and capture the export related fields in that ....Adding to my Wish List .