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, the number of goods codes is 4 or 6 digits, and then each country formulates detailed codes...
What is a Schedule B Code?The Schedule B code is a 10-digit subset of HTS codes for U.S. exporters. Schedule B codes are used for statistical purposes by the U.S. government to monitor U.S. exports.Schedule B codes are maintained by the U.S. Census Bureau instead of the ITC. As...
Disclaimer: This content provides general information to merchants who import goods through US Customs and is for informational purposes only. Export classification systems change often and without notice. You are responsible for reviewing and using this information appropriately. This content doesn’t con...
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...
What is HS Code and HTS Code? 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 us...
What is the Difference between Schedule B commodity codes and ECCNs? Are Schedule B and HTS numbers the same? Schedule B numbers and HTS numbers are U.S.-specific numbers derived from the same international standard – the Harmonized System (HS) – set by the World Customs Organization (WC...
Generally, no License Exception symbol is necessary for export clearance purposes; however, when necessary, the symbol ‘‘AVS’’ may be used. BAG—Baggage License exception BAG authorizes individuals leaving the United States either temporarily (i.e., traveling) or longer term (i.e., moving)...
Importers must be aware of the country of origin of their products. While it may seem simple when a product is entirely grown or manufactured in a single country, in today’s global economy, it can be challenging to establish the country of origin for customs purposes. This information holds...
1. Basic Customs Duty: - 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. Countervaili...
The HTS is a hierarchical numerical structure for describing goods for duty, quota, and statistical purposes in the United States. The system is based upon the HS. Be aware that the HTS is sometimes referred to as the Harmonized Tariff Schedule of the United States (HTSUS). HTS code HTS nu...