Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a Harmonized System Tariff?

April 26, 2017customs tariff customs tariffs export tariffs Harmonized harmonized tariffs import tariffs system tariff

0

Posted

What is a Harmonized System Tariff?

1 Answer

0

Posted

A harmonized system tariff refers to a tariff that is categorized by the Harmonized Commodity Description and Coding Systems, also called the Harmonized System (HS). The HS has categories for over 5,000 commodities and is used by approximately 200 countries around the world in their harmonized tariff schedules. The HS governs approximately 98% of all international trade interactions. The HS is maintained and updated by the World Customs Organization (WCO), based in Brussels, Belgium.