Warehouse & Logistics Encyclopedia
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Harmonized Tariff Schedule Code (HTS Code)
A numeric code used by the US to classify imported goods for customs duties and tariffs.
Definition
HTS codes are based on the HS system and provide detailed classification for duty determination and regulatory compliance in the US.
Overview
HTS codes are essential for importers, exporters, and customs brokers to calculate tariffs and ensure smooth clearance of goods.
Role
A numeric code used by the US to classify imported goods for customs duties and tariffs.
Focus
HTS codes are essential for importers, exporters, and customs brokers to calculate tariffs and ensure smooth clearance of goods.
Example
A shipment of smartphones imported into the US is classified under an HTS code to determine the applicable import duty.
FAQs
Q: Can you give an example of Harmonized Tariff Schedule Code (HTS Code)?
A: A shipment of smartphones imported into the US is classified under an HTS code to determine the applicable import duty.