What is HTS rate?

What is HTS rate?

The Harmonized Tariff Schedule of the United States (HTS) sets out the tariff rates and statistical categories for all merchandise imported into the United States. The HTS is based on the international Harmonized System, which is the global system of nomenclature applied to most world trade in goods.

Does the HTS provide exact duty rates?

The Harmonized Tariff System (HTS) provides duty rates for virtually every item that exists. The HTS is a reference manual that is the size of an unabridged dictionary. The HTS – tariff database, is an interactive data base that will enable you to get an approximate idea of the duty rate for a particular product.

How do you classify HTS codes?

HS codes are six digits that can be broken down into three parts: the first two digits identify the chapter in the HS Nomenclature the goods are classified in, the next two digits identify the heading within that chapter, and the last two digits identify the subheading within that chapter.

How do you read HS codes?

The first two digits designate the HS Chapter. The second two digits designate the HS heading. The third two digits designate the HS subheading. HS code 1006.30, for example indicates Chapter 10 (Cereals), Heading 06 (Rice), and Subheading 30 (Semi-milled or wholly milled rice, whether or not polished or glazed).

Who is responsible for HTS classification?

The World Customs Organization
The World Customs Organization (WCO) maintains the Harmonized Tariff Description and Coding Schedule (HTS). Over 170 countries participate in WCO’s HTS system.

Who is responsible for HS Code?

the World Customs Organization
The Harmonized Commodity Description and Coding System (HS) forms the basis of the Customs Tariff. The HS was developed and is maintained by the World Customs Organization (WCO), an independent intergovernmental organization with over 179 members and is based in Brussels, Belgium.

What are HTS codes used for?

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.

How do I Find my HTS code?

Here, you can learn how to find HTS code online on our website. You can go through the following steps to search the HTS codes online of any particular product. 1. Go to the link available on our website i.e. www.exportgenius.in/hs-code. 2. Click on the given flag of the country named with HS Code of USA.

What is US HTS Number?

A Harmonized Tariff Schedule (HTS) number is a 10 digit code that identifies an import product to U.S. Customs and Border Protection. This number is required to file a U.S. Customs entry and it is the ultimate responsibility of the importer of record to make the decision or sign off on which HTS number to use.

What is HTS tariff?

The Harmonized Tariff Schedule (HTS or HTS Code) is a classification code used to provide the applicable tariff rates and statistical categories for all merchandise imported into the United States. It is based on the International Harmonized System , which is the global classification system…

What is HTS schedule?

The Harmonized Tariff Schedule (HTS) is a system to classify traded goods based on their material composition, product name, and/or intended function.