best answer > What is manufacturer's identification number 2024?- QuesHub | Better Than Quora
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  • Julian Cook——Works at the International Fund for Agricultural Development, Lives in Rome, Italy.


    As a domain expert in regulatory compliance and international trade, I often deal with a variety of identification numbers used in the context of importing goods. One such number is the **Manufacturer's Identification Number** (MIN), which is a critical piece of information for any manufacturer looking to import their products into the United States.

    The **Manufacturer's Identification Number** is a unique identifying reference number that is allocated to each manufacturer. It is used specifically when goods are imported into the United States. This number is not to be confused with other manufacturer numbering systems that might be more widely recognized or used in different contexts or regions. The uniqueness of the MIN lies in its application within the United States' customs and border protection framework.

    The primary purpose of the MIN is to facilitate the tracking and identification of goods at the point of entry into the country. It is a part of the electronic data processing system employed by U.S. Customs and Border Protection (CBP). When a manufacturer imports goods, they must provide their MIN as part of the required documentation. This helps the CBP to efficiently process the import, verify the legitimacy of the goods, and ensure compliance with all applicable laws and regulations.

    The MIN is typically included in the Harmonized Tariff Schedule (HTS) of the United States, which is a system used to classify traded products. It is also used in conjunction with other identifiers such as the HTS code, which provides a detailed description of the product being imported, including its tariff classification and duty rate.

    It is important for manufacturers to understand the requirements for obtaining and using their MIN correctly. Failure to do so can result in delays, fines, or even the seizure of goods. The process of obtaining a MIN may involve providing detailed information about the company, its products, and the nature of its business operations to the relevant authorities.

    Moreover, the MIN is not static; it may need to be updated or reissued if there are changes in the manufacturer's operations or if the company undergoes a significant restructuring. Manufacturers must stay vigilant and ensure that their MIN is current and accurate to avoid any issues at the border.

    In conclusion, the **Manufacturer's Identification Number** is an essential tool for manufacturers importing into the United States. It plays a crucial role in the customs clearance process and is integral to the overall compliance with U.S. import regulations. Manufacturers should familiarize themselves with the requirements and procedures associated with the MIN to ensure a smooth and compliant import process.

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    +149932024-06-28 13:00:24
  • Harper Patel——Studied at the University of Toronto, Lives in Toronto, Canada.

    A unique identifying reference number allocated to each manufacturer that imports goods into the United States. Unlike other numbering systems for manufacturers which may be more widely used, this system is employed by U.S. Customs in its electronic data processing.read more >>
    +119962023-05-27 16:02:41

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