Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.
The Harmonized System (HS Code) is a globally harmonized commodity classification and coding system developed by the World Customs Organization. It is used to determine tariffs, trade statistics, and regulatory requirements. Each item of goods has a corresponding HS code. Misclassification can result in levies, fines, or customs clearance delays. Businesses should establish an internal HS code review process and regularly update it to comply with international standards.
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