Hts Code Meaning? Synonyms, Antonyms and Sentences Examples

HTS Code Meaning

HTS Code stands for Harmonized Tariff Schedule Code. It is a numerical classification system used to identify goods for international trade. Developed by the World Customs Organization, HTS codes are essential for determining import duties, taxes, and regulations for various products. Each code provides standardized descriptions to streamline global trade and customs processes.

HTS Code Meaning – Synonyms:

Tariff code

Harmonized code

Customs code

Import classification code

Trade code

Commodity code

HS code

Goods classification number

Schedule B code

Export code

HTS Code Meaning – Antonyms:

Domestic product code

Internal inventory code

Local goods identifier

Non-trade classification

Retail SKU

Proprietary code

National product number

Non-tariff classification

In-house code

General merchandise code

HTS Code Meaning – Short Sentence Examples:

The HTS code for the product determined the applicable import tax.

Customs required the correct HTS code for clearance.

Each shipment must include an accurate HTS code on the paperwork.

The company used a database to find the appropriate HTS code for its goods.

Misclassifying an HTS code can lead to significant trade penalties.

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