What is the HS code UK?
What is the HS code UK?
Harmonised System (HS) codes are an international standard for calculating Import Duty tax. Controlled by the World Customs Organisation (WCO), the system was first introduced in 1988. Each HS code describes a particular trade product, which allows governments around the world to charge the right tariffs.
How many digits are there in a UK Harmonised tariff code?
8-digit commodity code used to classify goods when exporting from the UK.
What is a Harmonised code?
A harmonized code is part of an internationally standardized system of names and numbers for classifying traded products – these codes are developed and maintained by the World Customs Organizations (WCO). This system allows all countries to be on the same page when classifying products before export and import.
Is HS code and tariff code the same?
HS and HTS Codes are widely used in the world of international trading. HS Code stands for Harmonized System Code and HTS Code stands for Harmonized Tariff Schedule Code. HTS and HS Codes were both developed by the World Customs Organization (WCO) and are used to classify and define internationally traded goods.
Is an HS code the same as a tariff code?
Is the HS code the same as the commodity code?
Commodity Codes can also be loosely referred to as Taric Codes, HS Codes, Tariff Codes or Tariff Headings. It is important that you provide the right commodity code to ensure that you pay the correct amount of customs duties, taxes and other charges.
Do HS codes differ from country to country?
In other words, first six digits of HS code (HTS code) are same in all countries. But countries can add additional digits to categorize and define commodities at more detailed level without modifying or changing first six digits.
What does a tariff code look like?
A complete tariff code is no less than six digits and can be up to ten. The more digits in a tariff code string, the more specific the product it identifies. A string of less than six digits is considered a partial tariff code and represents a broad product category or chapter of products in the HS.