HS Code
Definition
The Harmonized System (HS) Code is an internationally standardized numerical classification system for traded products, maintained by the World Customs Organization and used by customs authorities worldwide to identify goods.
Why It Matters
Correct HS classification determines applicable duties, taxes, documentation requirements and eligibility for trade agreements at both origin and destination.
Example
Whole black pepper and ground black pepper may fall under different HS subheadings.
Relevant Authority / Source
World Customs Organization