What HTS code means?
Harmonized Tariff Schedule
HTS (Harmonized Tariff Schedule) codes are product classification codes between 8-10 digits. The first six digits are an HS code, and the countries of import assign the subsequent digits to provide additional classification. U.S. HTS codes are 10 digits and are administered by the U.S. International Trade Commission.
What is HTS in invoice?
The Harmonized Tariff Schedule (HTS) Code was developed by the World Customs Organization (WCO) to classify and define internationally traded goods. While importing or exporting a product, a trader is assigned an HTS code which must correspond with the respective HTS of the country of import.
What is the HTS and what is its purpose?
The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the former Tariff Schedules of the United States. The HTS comprises a hierarchical structure for describing all goods in trade for duty, quota, and statistical purposes.
What happens if you put the wrong tariff code?
Incorrectly classifying a product can lead to non-compliance penalties, border delays, seizure of the products, or even a denial of import privileges. As the exporter of the products, you are responsible for correctly classifying them, and therefore you are liable.
What are the three parts of HTS?
The HTS has three parts: people, vehicles, and roadways. What is the purpose of the Highway Transportation System? The purpose is to move people and cargo from one place to another in a safe, efficient, and economical manner.
How often do HTS codes change?
The HS nomenclature is updated every five years, with the most recent update in 2017. The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the former Tariff Schedules of the United States.
Are commodity codes changing?
With the UK now out of the Customs Union since the start of January 2021, you will have to learn about commodity codes. The UK is using the standard global six-digit format; the EU will be requiring its 8 digits minimum (see below).
What do you need to know about HTS search?
HTS Search supports the following functionality: Contains Any: Enter one or more words separated by a single space. Contains All: Enter one or more words, each within double quotes and separated by a single space i.e “Tennis” “shoes”
When does HTS have intermittent service interruptions?
HTS will have intermittent service interruptions Wednesday, February 10, 2021 from 5:30 – 10:30 PM to perform operating system/ application maintenance. Please plan your activities accordingly. HTS Search
How to use HTS to find a tariff?
For example – searching for milkswill return any tariff articles containing the word milksor it’s close derivatives i.e milkwhereas searching for “milks”will return any tariff containing that exact word Results Search results are sorted by HTS No.
How to match two words in HTS tool?
Contains All: Enter one or more words, each within double quotes and separated by a single space i.e “Tennis” “shoes” Contains Phrase: Enter one or more words separated by a single space in double quotes i.e “Live bovine animals”. Matching Any word or phrase in quotes is matched exactly.