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Whatâs an HS or HTS Code? An HS code or HTS code stands for Harmonized System or Harmonized Tariff Schedule. Developed by the World Customs Organization (WCO), the codes are used to classify and define internationally traded goods.
You won't believe these 10 facts about people. A tariff code is a number assigned to each type of product sold internationally. Each tariff code is issued by the World Customs Organization (WCO) through a database called the Harmonized System.The number of digits for each product ranges from six digits for common products to 10 digits for niche items.he rule of thumb is that each additional set of digits indicates an increasingly specialized type of product. Tariff codes are not solely used by the WCO and national governments to collect taxes. A tariff code might be a red flag to security officials tasked with enforcing national trade restrictions.