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.
HS codes, also known as commodity codes or tariff codes, are used to identify the item you’re sending so the customs authority in the receiving country can charge the correct customs fees and taxes. HS stands for Harmonized System. Harmonized System Codes were developed by the World Customs ...
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. ...
HS codes are also used by customs authorities to apply tariffs and taxes to goods and keep track of imports and exports. HS general rules The WCO has a comprehensive classification system for HS codes. The goods will fall under a section and follow onto chapters, headings, and sub-headings,...
The HS code An HS code is a six-digit product classification number that members of theWorld Customs Organization(WCO) use for international shipments. As of 2021, 183 countries are members of the WCO, including China, India, South Africa, the United Kingdom, and the United States. There ar...
HS codes, or Harmonized System codes, are a standardized system for classifying traded products developed by the World Customs Organization (WCO). These codes are used by customs authorities worldwide to identify products, assess duties and taxes, and enforce trade regulations during shipping. ...
Every product/product group has a HS Code. All traded commodities are processed in customs on the basid of these codes. HS Code is a universal trading language for products and is an indispensable instrument for both product coding and international trade. HS Code can be defined as the “...
HS codes are administered by theWorld Customs Organization. HS codes are recognized in 98% of world trade. There are six digits in an HS code. You use an HS code because it is a universal classification tool. Many governments add additional digits to the HS number to further distinguish prod...
HS=customs goods code. HS coding is short for coding coordination system. ? The Code coordination System is formulated by The international customs council, and The English name is The Harmonization Code System (hs-code). ? There are 22 kinds of HS codes in 98 chapters. The internationally ...
Why is HS code important when exporting to China? One of the biggest issues faced by exporters is that customs regulations do not clearly specify which China tariff codes are applicable to their products. It’s important that you are able to classify your products with the correct China...