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Harmonized Tariff Schedules.

A Harmonized Tariff Schedule code can be referred to as a harmonized tariff schedule developed by the World Customs Organization and are codes which are used to define and classify imported and exported goods. The Harmonized Tariff Schedule classifies goods according to name, use, materials used for its making and then assigns that good a ten-digit classification code number. Since the Harmonized Tariff Schedule codes are specific only to the United States, the United States International Trade Commission is responsible for administering them. Harmonized Tariff Schedule codes classifications is very important since commodity duties are based upon them. A Harmonized Tariff Schedule code is very similar to the HS codes for the first six digits but then the last four digits differ. Harmonized Tariff Schedule Codes differ from both HS codes and schedule B codes.

A Harmonized System code can be described as a six-digit standard by which products are traced globally. The six digit standard can be referred to as a subheading. HS codes are recognized globally and are used by customs authorities all over the world for identification of tax and duty rates for specific types of products. They are usually administered by the World Customs Organization and recognized in the majority of world trade.HS codes are usually administered by the World Customs Organisation and are recognized in world trade. Many governments recognize HS codes since they are a universal classification method. Governments around the world add some digits to the HS codes to help further distinguish the products to certain categories.Additional numbers are put to the HS codes by governments around the world to help them further distinguish the product to different categories. These numbers may vary from country to country. HS codes are used in referencing for the documentation of export and import goods and also in commercial invoices.

The harmonized system is organized into 21 sections, subdivided into 96 chapters which are also subdivided to headings and subheadings. The section and chapters parts are used for broad categorization while the headings and subheadings are used for describing narrower categories. For the sections and chapters the commodities are arranged according to the technological complexity. Natural goods are described in the early sections while technological complex goods are described in later sections. Vegetable products and animal products, for example, come in the earlier sections while machinery are described in later sections. In the chapters commodities are also arranged according to their degree of manufacture.

Schedule B codes can be referred to as a ten digit subset of Harmonized Tariff Schedule codes for exporters in the United States. They are used by the US government for statistical purposes to monitor their export. These codes are usually maintained by the United States Census Bureau. It is faster and much easier for classification of products under these codes as compared to using Harmonized Tariff Schedule codes.

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