Do HTS codes expire?

In the U.S. when an HTS code is created, it has an expiration date to allow for updates. Because of this, it is important to constantly ensure that the codes you are using are valid.

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.

Also, what is an HTS number? An HS or HTS code stands for Harmonized System or Harmonized Tariff Schedule. Developed by the World Customs Organization (WCO), the codes are used to classify and define internationally traded goods. These codes go from 2-digit chapters and narrow down to a specific 10-digit code.

Keeping this in consideration, how often do HTS codes change?

five years

Who is responsible for HTS codes?

The U.S. Customs and Border Protection is the only agency that administers the HTS at American ports of entry and also provides legally binding advice and rulings on matters concerning the classification of imports.

Are harmonized codes universal?

Are HS/HTS codes universal? According to the World Customs Organization, the governing body for Harmonized system, “Harmonized system is the universal economic language and code for goods and an indispensable tool for international trade”. HS codes are recognized in 98 percent of international trade.

What is a 10 digit HTS code?

The Harmonized Tariff Schedule code is a 10-digit import classification system that is specific to the United States. HTS codes, also called HTS numbers, are administered by the U.S. International Trade Commission (ITC).

Why are HTS codes important?

These 6-10 digit numbered Harmonized Tariff Codes serve two major roles and purposes aside from helping goods clear through customs: They identify products that are being imported or exported through a country’s borders. They classify and categorize products in a worldwide system used for customs clearance purposes.

What are tariff codes?

A tariff code is a product-specific code as documented in the Harmonized System (HS) maintained by the World Customs Organization (WCO.) Tariff codes exist for almost every product involved in global commerce. The more digits in a tariff code string, the more specific the product it identifies.

How many tariff codes are there?

The Harmonized Tariff Schedule classifies a good based on its name, use, and/or the material used in its construction and assigns it a ten-digit classification code number, and there are over 17,000 unique classification code numbers.

What are custom codes?

Custom code comes in many shapes and forms. Often, custom code is used to connect two systems together, which is known as point-to-point integration. Point-to-point integration requires developers to build custom code between numerous applications, systems, data and devices within the enterprise.

Is Commodity Code same as HS Code?

2 Answers. Commodity Codes known as Schedule B Numbers are the product classification numbers used when in doing the Customs Export Declaration. Commodity Codes or HTS or HS codes are mainly depend on the basic commonly agreed numbering schemes maintained by World Customs Organization(WCO).

How do you classify a harmonized tariff schedule?

In the US, products are assigned an additional four digit code, known as the Schedule B number, to classify them further. This four digit code is added to the end of the HS code to make a 10 digit code. Schedule B numbers are used and administered by the US Commerce Department, Census Bureau, Foreign Trade Division.

What is column 2 rate of duty?

Countries whose goods qualify for these rates are considered countries with which the U.S. has “Normal Trade Relations”(NTR). Countries not covered by NTR are commonly referred to as “Column Two” countries, meaning duty rates for products from these countries are listed in Column two of the HTS.

What is the current US tariff rate?

The United States currently has a trade-weighted average import tariff rate of 2.0 percent on industrial goods. One-half of all industrial goods entering the United States enter duty free.

What is a Schedule B number?

A Schedule B number is a 10-digit number used in the United States to classify physical goods for export to another country. The Schedule B is based on the international Harmonized System (HS) of 6-digit commodity classification codes.

What is a harmonized code for shipping?

The HS (Harmonized Commodity Description and Coding System) Code is a 6–10 digit number that is required for all international shipments. This number is used by customs to identify the products shipped across international borders.

What is the HS code of your product?

HS Code stands for Harmonised Systems Code and is a description and coding system developed by the World Customs Organization (WCO). It covers over 5,000 commodity groups, each identified by a six-digit code.