What is Harmonized System?
Harmonized System An international standardized system for classifying traded goods, managed by the World Customs Organization (WCO), forming the basis for tariff schedules and customs regulations worldwide.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Harmonized System” Used in Practice?
Every product shipped internationally must be classified under the Harmonized System for accurate tariff and compliance reporting.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Harmonized System?
An international standardized system for classifying traded goods, managed by the World Customs Organization (WCO), forming the basis for tariff schedules and customs regulations worldwide.
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