Tariff classifications

Tariff classifications are systematized codes used to identify and categorize products in international trade. They help customs authorities determine applicable duties, taxes, and regulations for each product. These codes are part of the Harmonized System (HS) and provide a standardized way to classify goods worldwide. Proper classification ensures accurate tariff assessment, compliance with trade laws, and smooth customs processing. Think of it as a detailed label that describes exactly what a product is, which helps countries manage and regulate imports and exports efficiently.