A harmonized tariff schedule is a type of document that is used to create a common reference point for international trade. The...
Essentially, the export country's paperwork is generally identical to the import country. Member nations of the World Customs Organization must maintain a tariff schedule with names and codes identical to the other nations. The schedule can vary slightly between countries but has to follow certain ...
BCD is considered an indirect tax as it is levied on the importers and distributors and is calculated using the Harmonized Tariff Schedule (HTS). It is then passed on to the consumer to recover the amount the concerned parties have paid as duties. 2. Countervailing Duty: - Countervailing Du...
new word (in textbook); word that is unfamiliar or not yet studied 致词 zhìcí to make a speech; to make some remarks 歌词 gēcí song lyric; lyrics Derived Words or Phrases Sign-inSimilar-sounding Words Sign-inNew Search Wildcard: Use * as placeholder for 0 or more Chinese characte...
What is a Harmonized Tariff Code?The Harmonized Tariff Schedule of the United States (HTSUS) is a 10-digit import classification system that is specific to the United States. HTS codes, also called HTS numbers or HTSUS codes, are administered by the U.S. International Trade Commission (ITC)...
The HTS is a guide. The U.S. Customs and Border Protection is the final authority that determines the tariff. It is the only agency that can provide legal advice. It also helps in determining the classification of your import.5 Pros and Cons ...
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. ...
HTS or Harmonized Tariff Schedule is a set of tariff rates and categories regarding goods imported to the US. These codes are overlooked and administered by the US International Trade Commission (ITC). What is an HTS code, then? It’s the specific, ten-digit-long number assigned to the pro...
HTS is the abbreviation of Harmonized Tariff Schedule. HTS was established on the basis of HS. It is a general item code formulated by the World Customs Organization in January 1989. ) Among them, t
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