Oracle Apps HTS Code/HS Category value
Oracle Apps HTS Code/HS Category value:--
1. What is HTS Code in Oracle Apps?
Answer:
In Oracle E-Business Suite R12, the HTS (Harmonized Tariff Schedule) code refers to a standardized numerical classification system used to classify products for import and export purposes.
HTS codes are utilized to determine the tariffs, duties, and taxes applicable to goods traded internationally.
In the context of Oracle Apps R12, the HTS code may be associated with items or products within the system.
It allows organizations to classify their products according to the HTS code schema, ensuring compliance with customs regulations and facilitating international trade transactions.
The HTS code can be managed and maintained within Oracle EBS through configuration settings or by populating specific fields in item master records.
By accurately assigning HTS codes to items, organizations can streamline customs clearance processes, calculate duties and taxes accurately, and ensure compliance with import/export regulations.
Overall, the HTS code plays a crucial role in international trade and customs management within Oracle Apps R12, helping organizations navigate the complexities of global commerce efficiently and effectively.
2. Why HTS needed for an organization?
Answer:
HTS (Harmonized Tariff Schedule) codes are essential for organizations engaged in international trade for several reasons:--
a. Customs Compliance: HTS codes are used by customs authorities world wide to classify imported and exported goods. Assigning the correct HTS code to products ensures compliance with customs regulations, facilitating smooth clearance procedures and avoiding delays or penalties at border crossings.
b. Tariff Determination: HTS codes determine the tariffs, duties, and taxes applicable to imported and exported goods. By accurately classifying products with HTS codes, organizations can calculate import/export costs more precisely and minimize the risk of overpaying or underpaying duties.
c. Trade Agreements: Many countries participate in trade agreements that offer preferential tariff rates or exemptions for certain products based on their HTS code classification.
By correctly identifying eligible products with the appropriate HTS codes, organizations can take advantage of these trade agreements and benefit from reduced tariffs and increased competitiveness in global markets.
d. Regulatory Compliance: HTS code classification may be required to comply with other regulatory requirements, such as export controls, licensing, and labeling standards.
By aligning with HTS code classifications, organizations can ensure compliance with various regulatory frameworks and mitigate the risk of non-compliance.
e. Supply Chain Efficiency: Accurate HTS code classification enhances supply chain visibility and transparency by providing standardized product classifications.
This enables better inventory management, transportation planning, and risk assessment throughout the supply chain.
f. Market Access: Some countries impose restrictions or prohibitions on the importation of certain products based on their HTS code classification.
By understanding the HTS code requirements of target markets, organizations can assess market access opportunities and develop strategies to penetrate new markets effectively.
3. How we use it and what is the navigation to use HTS Value?
Answer:
Navigation to Define HTS Values:
To define HTS values in Oracle EBS R12, you typically navigate to the following:
Navigate to the 'Inventory' responsibility.
Under the 'Setup' or 'Setup and Maintenance' menu, find the setup options related to items or products.
Look for the option to manage item classification or attributes.
Within the item setup or classification form, you may find fields or tabs specifically designated for entering HTS codes or tariff information.
Assigning HTS Codes to Items:
Once you've accessed the appropriate setup form or screen, you can assign HTS codes to individual items or products.
Locate the field or section where HTS code information is entered.
Enter the relevant HTS code for each item based on its classification and the applicable tariff schedule.
Viewing HTS Information:
After assigning HTS codes to items, you can view this information in various parts of the application, such as item details, sales orders,
purchase orders, and shipping documents.
Navigation: Master Items> Tools> Categories
If HTS is not assigned to a part then it might not show on above navigation screen.
Utilizing HTS Codes for Customs Clearance:
When processing international shipments or receiving imported goods, Oracle EBS R12 may utilize the assigned HTS codes to generate customs
declarations or documentation.
Customs authorities use HTS codes to assess duties, taxes, and other import/export regulations applicable to the goods being shipped or received.
Reporting and Analysis:
HTS code information can also be used for reporting and analysis purposes within Oracle EBS R12.
Organizations may run reports to analyze the distribution of products across different HTS classifications, assess tariff costs, and identify opportunities for optimization or compliance improvement.
Maintaining HTS Code Updates:
It's important to periodically review and update HTS codes in Oracle EBS R12 to ensure compliance with regulatory changes, tariff updates, and evolving business requirements.
Organizations may need to monitor changes in tariff schedules, trade agreements, and customs regulations to adjust HTS code assignments accordingly.
4.Query to get HTS value?
Answer:
--query to get hts category value
select distinct msib.segment1 "Part Number",micv.CATEGORY_CONCAT_SEGS "HTS Category"
from apps.MTL_ITEM_CATEGORIES_V micv,
APPS.MTL_SYSTEM_ITEMS_B msib
where micv.CATEGORY_SET_NAME='HTS Category'
and msib.INVENTORY_ITEM_ID=micv.INVENTORY_ITEM_ID
and micv.organization_id=msib.organization_id
--and msib.segment1='J626P04132' --need to put all part numbers
order by msib.segment1 asc;
Query to get both EAR ECCN Value and HTS/HS Category Value:-- SELECT DISTINCT MSBI.SEGMENT1 PN,
( SELECT DISTINCT
MDEV.ELEMENT_VALUE
FROM
APPS.MTL_DESCR_ELEMENT_VALUES MDEV
WHERE MDEV.INVENTORY_ITEM_ID = MSBI.INVENTORY_ITEM_ID
AND MDEV.ELEMENT_NAME = 'ECCN') "EAR ECCN",
(select distinct micv.CATEGORY_CONCAT_SEGS
from apps.MTL_ITEM_CATEGORIES_V micv
where micv.CATEGORY_SET_NAME='HTS Category'
and MSBI.INVENTORY_ITEM_ID=micv.INVENTORY_ITEM_ID
and micv.organization_id=MSBI.organization_id) "HS Code"
FROM APPS.MTL_SYSTEM_ITEMS_B MSBI
WHERE MSBI.SEGMENT1 in ('570033656','S626P0413');
1. What is HTS Code in Oracle Apps?
Answer:
In Oracle E-Business Suite R12, the HTS (Harmonized Tariff Schedule) code refers to a standardized numerical classification system used to classify products for import and export purposes.
HTS codes are utilized to determine the tariffs, duties, and taxes applicable to goods traded internationally.
In the context of Oracle Apps R12, the HTS code may be associated with items or products within the system.
It allows organizations to classify their products according to the HTS code schema, ensuring compliance with customs regulations and facilitating international trade transactions.
The HTS code can be managed and maintained within Oracle EBS through configuration settings or by populating specific fields in item master records.
By accurately assigning HTS codes to items, organizations can streamline customs clearance processes, calculate duties and taxes accurately, and ensure compliance with import/export regulations.
Overall, the HTS code plays a crucial role in international trade and customs management within Oracle Apps R12, helping organizations navigate the complexities of global commerce efficiently and effectively.
2. Why HTS needed for an organization?
Answer:
HTS (Harmonized Tariff Schedule) codes are essential for organizations engaged in international trade for several reasons:--
a. Customs Compliance: HTS codes are used by customs authorities world wide to classify imported and exported goods. Assigning the correct HTS code to products ensures compliance with customs regulations, facilitating smooth clearance procedures and avoiding delays or penalties at border crossings.
b. Tariff Determination: HTS codes determine the tariffs, duties, and taxes applicable to imported and exported goods. By accurately classifying products with HTS codes, organizations can calculate import/export costs more precisely and minimize the risk of overpaying or underpaying duties.
c. Trade Agreements: Many countries participate in trade agreements that offer preferential tariff rates or exemptions for certain products based on their HTS code classification.
By correctly identifying eligible products with the appropriate HTS codes, organizations can take advantage of these trade agreements and benefit from reduced tariffs and increased competitiveness in global markets.
d. Regulatory Compliance: HTS code classification may be required to comply with other regulatory requirements, such as export controls, licensing, and labeling standards.
By aligning with HTS code classifications, organizations can ensure compliance with various regulatory frameworks and mitigate the risk of non-compliance.
e. Supply Chain Efficiency: Accurate HTS code classification enhances supply chain visibility and transparency by providing standardized product classifications.
This enables better inventory management, transportation planning, and risk assessment throughout the supply chain.
f. Market Access: Some countries impose restrictions or prohibitions on the importation of certain products based on their HTS code classification.
By understanding the HTS code requirements of target markets, organizations can assess market access opportunities and develop strategies to penetrate new markets effectively.
3. How we use it and what is the navigation to use HTS Value?
Answer:
Navigation to Define HTS Values:
To define HTS values in Oracle EBS R12, you typically navigate to the following:
Navigate to the 'Inventory' responsibility.
Under the 'Setup' or 'Setup and Maintenance' menu, find the setup options related to items or products.
Look for the option to manage item classification or attributes.
Within the item setup or classification form, you may find fields or tabs specifically designated for entering HTS codes or tariff information.
Assigning HTS Codes to Items:
Once you've accessed the appropriate setup form or screen, you can assign HTS codes to individual items or products.
Locate the field or section where HTS code information is entered.
Enter the relevant HTS code for each item based on its classification and the applicable tariff schedule.
Viewing HTS Information:
After assigning HTS codes to items, you can view this information in various parts of the application, such as item details, sales orders,
purchase orders, and shipping documents.
Navigation: Master Items> Tools> Categories
If HTS is not assigned to a part then it might not show on above navigation screen.
Utilizing HTS Codes for Customs Clearance:
When processing international shipments or receiving imported goods, Oracle EBS R12 may utilize the assigned HTS codes to generate customs
declarations or documentation.
Customs authorities use HTS codes to assess duties, taxes, and other import/export regulations applicable to the goods being shipped or received.
Reporting and Analysis:
HTS code information can also be used for reporting and analysis purposes within Oracle EBS R12.
Organizations may run reports to analyze the distribution of products across different HTS classifications, assess tariff costs, and identify opportunities for optimization or compliance improvement.
Maintaining HTS Code Updates:
It's important to periodically review and update HTS codes in Oracle EBS R12 to ensure compliance with regulatory changes, tariff updates, and evolving business requirements.
Organizations may need to monitor changes in tariff schedules, trade agreements, and customs regulations to adjust HTS code assignments accordingly.
4.Query to get HTS value?
Answer:
--query to get hts category value
select distinct msib.segment1 "Part Number",micv.CATEGORY_CONCAT_SEGS "HTS Category"
from apps.MTL_ITEM_CATEGORIES_V micv,
APPS.MTL_SYSTEM_ITEMS_B msib
where micv.CATEGORY_SET_NAME='HTS Category'
and msib.INVENTORY_ITEM_ID=micv.INVENTORY_ITEM_ID
and micv.organization_id=msib.organization_id
--and msib.segment1='J626P04132' --need to put all part numbers
order by msib.segment1 asc;
Query to get both EAR ECCN Value and HTS/HS Category Value:-- SELECT DISTINCT MSBI.SEGMENT1 PN,
( SELECT DISTINCT
MDEV.ELEMENT_VALUE
FROM
APPS.MTL_DESCR_ELEMENT_VALUES MDEV
WHERE MDEV.INVENTORY_ITEM_ID = MSBI.INVENTORY_ITEM_ID
AND MDEV.ELEMENT_NAME = 'ECCN') "EAR ECCN",
(select distinct micv.CATEGORY_CONCAT_SEGS
from apps.MTL_ITEM_CATEGORIES_V micv
where micv.CATEGORY_SET_NAME='HTS Category'
and MSBI.INVENTORY_ITEM_ID=micv.INVENTORY_ITEM_ID
and micv.organization_id=MSBI.organization_id) "HS Code"
FROM APPS.MTL_SYSTEM_ITEMS_B MSBI
WHERE MSBI.SEGMENT1 in ('570033656','S626P0413');
No comments:
We encourage respectful comments.
Did this article help you? Let us know in the comments!
What questions do you have about this topic?
We'd love to hear your suggestions for future content.
Please Share this article with your friends and see what they think!