Find out everything you need to know about HS (Harmonized System) codes, including the structure and components of HS codes, and why they are important.
Find out everything you need to know about HS (Harmonized System) codes, including the structure and components of HS codes, and why they are important.
Do you know the difference between HS codes, HTS codes and Schedule B codes? In casual conversation, exporters tend to use these terms interchangeably; they, for the most part, understand that these are codes representing classifications of products.We've been helping people correctly classify thei...
2. HS adopts 6 -bit encoding, divided all international trade goods into 22 categories, HTS goods coded digits are 4 or 6 digits, and then various countries formulate refined codes based on this encoding. For example, 8 and 16 bits. 3. HS is only guided and coordinated, so it is calle...
Commodity codes are used to classify different goods so you can pay the correct amount of tax. Each type of product will be assigned a commodity number according to the International Harmonized System (HS). Tip Commodity codes identify products or groups of products in international commerce. ...
HS (Harmonized System) codes are a set of numerical codes used to classify traded goods worldwide. HTS (Harmonized Tariff Schedule) codes, however, are used by US Customs and Border Protection to determine the applicable customs duties, taxes, and tariffs for imports. ...
Understand what HSN codes are, their structure, and their significance in GST compliance. Learn how to identify and use HSN codes for your business.
An HS or HTS code stands for Harmonized System or Harmonized Tariff Schedule. Developed by the World Customs Organization (WCO), the codes are used to classify and define internationally traded goods. In most cases, in order to import or export a product internationally, the traded good must ...
HS Codes are important because they determine the tariff or duty rate of the traded products, and also help government customs authorities keep a record of international trade statistics and perform analyses for legal, economic, or trade negotiation purposes. ...
Start free trial Disclaimer: This content provides general information to merchants who import goods through US Customs and is for informational purposes only. Export classification systems change often and without notice. You are responsible for reviewing and using this information appropriately. This con...