Harmonized System


Harmonized System

The Harmonised Commodity Description and Coding System (HS) of tariff nomenclature is an internationally standardized system of names and numbers for classifying traded products developed and maintained by the World Customs Organization (WCO) (formerly the Customs Co-operation Council), an independent intergovernmental organization with over 170 member countries based in Brussels, Belgium.

The HS is a six-digit nomenclature. The first four digits are referred to as the heading. The first six digits are known as a subheading. Countries that have adopted the Harmonized System are not permitted to alter in any way the descriptions associated to a heading or a subheading nor can the numerical codes at the four or six digit level be altered. This is what keeps the Harmonized System harmonized.

Individual countries may extend a Harmonized System number to eight or ten digits for customs purposes, and to eight or ten digits for export purposes. More than 200 countries, customs and economic unions, representing more than 98% of world trade, use the HS as a basis for:

* Customs tariffs
* Collection of international trade statistics
* Rules of origin
* Collection of internal taxes
* Trade negotiations (e.g., the World Trade Organization schedules of tariff concessions)
* Transport tariffs and statistics
* Monitoring of controlled goods (e.g., wastes, narcotics, chemical weapons, ozone layer depleting substances, endangered species)
* Areas of Customs controls and procedures, including risk assessment, information technology and compliance.

Codes have been revised through the years. So if it's necessary to reference a code related to a trade issue from even a few years ago, one has to make sure the definition set being used matches the code.

ee also

*Customs tariff
*TARIC Coding System
*UNSPSC
*Broad Economic Categories
*Standard International Trade Classification

External links

* [http://www.wcoomd.org/] World Customs Organization
* [http://www.usitc.gov/tata/hts/index.htm U.S. import codes (Harmonized Tariff Schedule) by U.S. International Trade Commission ]
* [http://www.census.gov/foreign-trade/schedules/b/ U.S. export codes by U.S. Census Bureau ]
* [http://www.statcan.ca/english/tradedata/cec/index.htm Canadian Export Classification by Statistics Canada ]
* [http://www.revenue.ie/index.htm?/services/tariff_06.htm Irish Customs and Excise Tariffs]
* [http://ec.europa.eu/taxation_customs/dds/tarhome_de.htm European Community Common Customs Tariff TARIC]
* [http://www.zoll.de/b0_zoll_und_steuern/a0_zoelle/c0_zollanmeldung/d10_atlas/e1_ezt_online/index.html German Electronic Customs Tariff EZT-online]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Harmonized System — UK US noun [U] (ABBREVIATION HS, also Harmonized Commodity Description and Coding System) COMMERCE ► the international system of numbers that is used to refer to products to make it easier to trade them between countries …   Financial and business terms

  • Harmonized System — …   Википедия

  • Harmonized System number — …   Википедия

  • Globally Harmonized System — The Globally Harmonized System of Classification and Labeling of Chemicals or GHS is an internationally agreed upon system set to replace the various different classification and labeling standards used in different countries. The GHS will use… …   Wikipedia

  • Globally Harmonized System of Classification and Labelling — Das Global harmonisierte System zur Einstufung und Kennzeichnung von Chemikalien (GHS, Globally Harmonized System of Classification and Labelling of Chemicals) der Vereinten Nationen ist ein weltweit einheitliches System zur Einstufung von… …   Deutsch Wikipedia

  • Globally Harmonized System — Système général harmonisé Le Système général harmonisé (Globally Harmonised System of Classification and Labelling of Chemicals ou GHS) est un système international d étiquettage des matières dangereuses. Il est destiné à unifier les différents… …   Wikipédia en Français

  • Harmonized Commodity Description and Coding System — UK US noun [S] COMMERCE ► HARMONIZED SYSTEM(Cf. ↑Harmonized System) …   Financial and business terms

  • Harmonized Tariff Schedule for the United States — The Harmonized Tariff Schedule of the United States (HTS) is the primary resource for determining tariff classifications for goods imported into the United States (and can also be used in place of Schedule B for classifying goods exported from… …   Wikipedia

  • Harmonized Sales Tax (HST) — A Canadian tariff scheduled to be implemented on July 1, 2010, that combines the federal goods and services tax (GST) with the provincial sales tax (PST). According to the C.D. Howe Institute, a Canadian public policy organization, the HST is… …   Investment dictionary

  • Global harmonisiertes System zur Einstufung und Kennzeichnung von Chemikalien — Das Global harmonisierte System zur Einstufung und Kennzeichnung von Chemikalien (GHS, Globally Harmonized System of Classification, Labelling and Packaging of Chemicals) der Vereinten Nationen ist ein weltweit einheitliches System zur Einstufung …   Deutsch Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.