Results for tag: "Harmonized Tariff Schedule"

The Harmonized Tariff Schedule (HTS) is a global system of nomenclature that is used to classify traded goods. It is used by customs authorities around the world to identify the applicable tariff rates for imported goods. The HTS is maintained by the World Customs Organization (WCO) and is updated regularly to reflect changes in international trade. The HTS is an important tool for international trade, as it helps to ensure that goods are properly classified and taxed. It also helps to ensure that goods are properly tracked and monitored, which helps to reduce the risk of fraud and smuggling. The HTS market is comprised of a variety of companies, including customs brokers, freight forwarders, logistics providers, and software developers. These companies provide services such as customs clearance, freight forwarding, and software development to help facilitate the efficient and compliant movement of goods across international borders. Companies such as DHL, FedEx, and UPS are some of the major players in the HTS market. Show Less Read more