Harmonized Tariff Schedule

The Harmonized Tariff Schedule (HTS) is a standardized system used by countries to classify traded goods for taxation and regulation purposes. It assigns specific codes to various products, helping customs officials identify the type of goods being imported or exported. This organization aids in applying tariffs, which are taxes on imports, ensuring compliance with trade agreements and regulations. The HTS promotes consistency in international trade practices and enables easier tracking of goods across borders, facilitating global commerce while protecting domestic industries and adhering to trade policies.