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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.
The process of assigning HS codes is known as HS Classification. All [|aluminum composite sheet]] can be classified in the HS by using the General Rules for the Interpretation of the Harmonized System. HS codes can be determined by a variety of factors including a product's composition, its form and its function. An example of a product classified according to its form would be whole potatoes. The classification will also change depending on whether the potatoes are fresh or frozen.