Harmonized System (HS) Code
The Harmonized System (HS) Code is a numerical technique for categorizing traded goods that is universally standardized. The World Customs Organization (WCO) developed HS codes, six-digit identifiers that categorize goods into internationally recognized groupings. These codes are routinely used in customs declarations, shipping documents, and international trade to guarantee that products are classified uniformly. Each code represents a certain type of commodity, and its proper use is critical for computing tariffs, taxes, and regulatory compliance.
The HS Code capability in CargoWise accelerates customs processes by automating categorization and ensuring that goods are properly classified according to international standards. The system integrates with global customs authorities and trade databases, lowering the likelihood of errors during declaration and clearance. It also assists logistics companies in maintaining compliance with global trade regulations and avoiding penalties for misclassification. Businesses that appropriately apply HS codes can speed up customs clearance, eliminate delays, and increase international shipment efficiency.
