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
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 ...
The difference between an HS code and HTS codeis the number of digits within the code. A code with six digits is a universal standard (HS Code) and a code with 7-10 digits (HTS Code) is often unique after the sixth digit and determined by individual countries of import. Let’s take ...
What is an HTS code? An HTS code is an international harmonized system of numbers and names used to classify traded products. They support global trade by simplifying customs processes, helping countries to accurately impose tariffs, collect trade statistics, and enforce trade regulations. Developed ...
Improper usage of the HS code could result in an improper tariff being applied by customs, which can increase the cost of imports to the customer exponentially. Trade statistics The uniform codes also allow for use in tracking trade statistics. In addition to governments, the code is also used...
Read our Importer's Guide to HTS CodesRead About New US Tariffs This page contains: What is a Harmonized System (HS) Code? Related Terms Related FAQs What is a Harmonized System (HS) Code? HS Code stands for Harmonized System Code. It is an international index used for categorizing goods...
What does an HTS code look like? The first six digits are an HS code, and then the next two digits link to the sub-heading of the HS code, which establishes duty or tax rates for the product beingshipped. The final two digits are a statistical entry that is used to collect trade da...
Read our Importer's Guide to HTS CodesRead About New US Tariffs This page contains: What is a Harmonized System (HS) Code? Related Terms Related FAQs What is a Harmonized System (HS) Code? HS Code stands for Harmonized System Code. It is an international index used for categorizing goods...
The description and coding system of global tariffs is an internationally standardized system of names and numbers for classifying products. The first 6 digits of any HTS code is (in theory) the same for any country. Beyond the six digit level, individual countries sometimes have different rules...
An HTS code takes the same form as an HS code for the first six digits and then has four differing last digits.Use Case: If you are a U.S. importer, this is the code you must use. The comprehensive classification list is available for free on the ITC website....