What is Tariff Code?
Tariff Code A standardized numerical code used to classify traded goods for customs purposes, based on the Harmonized System (HS) managed by the World Customs Organization.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Tariff Code” Used in Practice?
Every product must be assigned a tariff code in the customs declaration to determine duties and trade compliance.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Tariff Code?
A standardized numerical code used to classify traded goods for customs purposes, based on the Harmonized System (HS) managed by the World Customs Organization.
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