In the UK, HTS codes are referred to as ‘commodity codes’, and are administered by Her Majesty’s Revenue & Customs (HMRC). What are HS codes? While Harmonized Tariff Schedule (HTS) codes denote the product duty or tax rate for a product being shipped, Harmonized System HS codes denote...
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, accepted by the majority of nations around the world, are identification codes given to goods for use in international trade. The HS codes are administered by the World Customs Organization (WCO) and are internationally accepted for use by customs authorities and companies to identify go...
HS Code, up to 6 digit level is followed internationally and is common to all countries. In every country’s tariff Schedule that are using the Harmonized System, 2-digit, 4-digit and 6-digit codes are the same all over the world. In other words, these codes represent the same product...
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HS and HTS Codes are widely used in the world of international trading. HS Code stands for Harmonized System Code and HTS Code stands for Harmonized Tariff Schedule Code. HTS and HS Codes were both developed by the World Customs Organization (WCO) and are used to classify and define internati...
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Tariff Codes Explained What is Tariff Code? The first question that you might have right now might be, what is a Tariff code and how is it different from the HS Code that we just mentioned? Well, the answer is simple. They are both the same. Harmonized System (HS) cod...
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.
or HTS. Unlike the HS, this system uses 10-digit commodity codes. The first six digits are based on the international HS, while the next four further distinguish goods in certain categories. This means you can convert a Harmonized Tariff code to an HS code by removing the last four digits...