An HTS code is an international system used to classify traded products, simplifying customs processes, tariff imposition, and trade regulation enforcement.
US Customs requires businesses to use HTS codes for declarations to prevent delays, fees, inspections, seizures, or penalties, making HTS understanding crucial.
The World Customs Organization establishes and manages HTS codes, essential for accurate import classification, tariff collection, and trade statistics.
Ecommerce businesses should familiarize themselves with HTS codes to ensure smooth import processes and avoid costly consequences like unexpected inspections or penalties.
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