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
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 Code Customs Broker Customs Bond Related FAQs What is a customs broker? Importer's Guide to HTS Codes Learn about Harmonized Tariff Schedule (HTS) Codes, the system of import classification, and how you can apply it to your business. ...
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 ...
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:...
Work with a reputable third-party logistics provider Complying with harmonized code regulations is necessary for international shipping, and knowing the difference between HS and HTS codes streamlines the process; however, failure to place the proper code on a shipment puts the entire business at ris...
Here’s a summary of Schedule B codes: Contain 10 digits Used exclusively in the United States and exclusively for exports May differ from the HTS codes used for imports Properly Classifying Your Products Not only is it important to understand when to use the six- or 10-digit classification ...
You can use the HTS code method described above to calculate duties on other items you import from Japan. Theaverage duty ratefor all products imported to the US from Japan is24%.7Textiles and apparel are typically taxed at a much higher rate, sometimes as much as 30% or more. ...
hts query website: https://hts.usitc.gov/ 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 ...
This means you can convert a Harmonized Tariff code to an HS code by removing the last four digits. The HTS also uses Schedule B codes to classify the products further. This system is regulated by the U.S. International Trade Commission, while the HS falls under the World Customs ...