Harmonized Tariff Schedule (HTS)

The Harmonized Tariff Schedule (HTS) is a global classification system for determining customs duties and levies levied on products during import or export operations. The HTS is used by customs officials all over the world to ensure that commodities are classified consistently. It assigns a unique code to each product, assisting in determining the appropriate duty rates depending on the product’s characteristics, material, and application. Accurate HTS categorization is essential for quick customs clearance and compliance with international trade standards.

CargoWise incorporates HTS into its system to streamline the shipment classification process. This integration guarantees that the correct HTS codes are assigned to each product, lowering the possibility of misclassification, delays, or penalties. Businesses can use CargoWise’s HTS features to reduce customs operations, maintain compliance, and increase the efficiency of international shipments. CargoWise also provides tools for changing tariff schedules to reflect changes in trade legislation, ensuring that enterprises remain compliant with current customs obligations. This automation improves accuracy and reduces the need for manual input, saving time and money while lowering the risk of tariff categorization errors.