What is Tariff Code? The first question that you might have right now might be, what is a Tariff code and how is it different from the HS Code that we just mentioned? Well, the answer is simple. They are both the same. Harmonized System (HS) codes are often used interc...
In today’s global marketplace, understanding tariffs is essential for merchants and aspiring entrepreneurs alike. A tariff is a tax on imported goods—it can create ripple effects in pricing, consumer behavior, and the competitive landscape. For instance, when US lawmakers imposed a 25% tariff ...
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)...
A tariff is a tax on certain imports between sovereign countries. Tariffs are often heard of and talked about among eCommerce entrepreneurs looking to expand cross-border but are generally little understood. This guide offers a more detailed look at what tariffs are, how they work, why governmen...
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. ...
However, in the instances where this is not provided, then you will need to find the correct commodity codes yourself. How do I find the right Commodity Code? To find the right commodity code for your product, you need to visit the Trade Tariff website, where all the codes are housed....
The destination country’s tariff rates The goods’ HS code(s) What is an HS code? A Harmonized System code is a unique identifier to classify the exact type of goods being shipped. The system is internationally recognized; the customs department of a country defines different regulations based...
The Harmonized Tariff Schedule of the United States may be considered, for the most part, representative of most international tariff schedules. There are over 17,000 items in the U.S. schedule, each with a unique ten digit classification code. Each digit of the U.S. tariff schedule code ...
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...