What are Harmonized System (HS) Codes?
HS codes are a standardized numerical method of classifying traded products used by customs authorities worldwide for assessing duties and taxes, as well as for gathering trade statistics
How Are HS Codes Used in International Trade?
HS codes are used to classify goods for shipment to a foreign country, report shipments in the Automated Export System (AES), complete shipping documentation, determine import tariff rates, conduct market research, and comply with U.S. law.the laws of relevant jurisdications.
How Do HS Codes Affect Tariffs and Trade Agreements?
HS codes determine the tariff rates for goods and can affect whether a product qualifies for a preferential tariff under a free trade agreement. Originating status, which can be indicated by a change in the commodity code, can grant access to preferential tariffs.
XTRANSFERYOU CHOICE FOR GLOBAL TRADE PAYMENT
HS codes are a standardized numerical method of classifying traded products used by customs authorities worldwide for assessing duties and taxes, as well as for gathering trade statistics