The Harmonized Tariff Schedule of the US1is a nomenclature system used to classify traded goods for import categorization. This is based on their material composition, product name, and/or intended function. An HTS Code is a 10-digit code specifically designed to ensure each article falls into ...
What is an HTS code? HTS codes: A glossary A brief history of HTS codes Structure of HTS codes How HTS chapters work How HTS codes and tariffs work Common issues with HTS codes How to add HS codes to your Shopify goods The future of HTS codes ...
Here is the answer to the frequently asked question on what is an HTS code and the difference between an HS code & an HTS code
HSN Codes HS Codes HTS Codes NAICS Codes NAICS vs SIC codes Documentation & Certification Phytosanitary Certificates Certificates of Origin Efficiency Tools Single Window Systems Customs Brokers Carter Hoffman Carter Hoffman is a Research Associate at Trade Finance Global focusing on the impact of ma...
That designation is important. The umbrella frames with the first HTS code can enter the U.S. duty-free; the umbrella frames for the latter have a 12% general duty rate.Global and U.S. HS codes have four components, which are identified by the green numerals beneath the digits:...
What is hs code? HS encoding (or HTS code), also known as a coordinated product description and coding system, or referred to as the coordination system for short, is a standardized international system that is used to classify global transaction products. The first system was implemented in ...
For example, say that a business is shipping adhesive bandages to the United States and these bandages have an antibiotic coating. Its HTS code will be 3005.10.1000. The first six digits compose the appropriate HS code, while the next two digits refer to the appropriate subheading within the ...
To prevent re-exports to unauthorized destinations, a prior statement from the consignee is required along with specific notification requirements. If an export is eligible for STA and one or more other license exceptions, the exporter may claim one of the other ones, which exempts them from the...
For example, using the wrong commodity number so you can pay less tax is considered fraud. Furthermore, your products may be seized or delayed by the customs. Before you start importing or exporting goods, find the right commodity code. Check the HS or the HTS database depending on where ...
Latest update (April 10, 2025):The import tarriff for Japan is now 24%. Foreign cars sold in the US are subject to a higher 25% tariff. From 3 May, foreign automobile parts will also be subject to the 25% tarriff.7 You can use the HTS code method described above to calculate duties...