Last updated on DECEMBER 08, 2016
Applies to:Oracle Item Master - Version 12.1.3 and later
Oracle Financials for the Americas - Version 12.1.3 and later
Information in this document applies to any platform.
As announced by the World Customs Organization (WCO), which manages Harmonized Commodity Description and Coding System (HS), the 2017 version includes 233 sets of amendments.
Of these, 85 are amendments for the agricultural sector; 45 for the chemist; 25 in machines; 13 for wood; 15 in textile; 6 for common metals; 18 for the transport sector and 26 for other segments.
The HS is the six-digit nomenclature adopted by more than 200 countries (whether signatories to the HS Convention or not). For NCM (Mercosur Common Nomenclature, the name for HS in Brazil), it is worth noting that the changes will be deployed to the necessary adaptations.
This implies that several NCM items will be created, dismantled and/or suppressed. How is Oracle handling this issue?
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