20 frequently asked questions about HS Codes
1. Is the use of HS codes international? HS codes are used almost globally to identify goods that are imported and exported from countries. All countries that are members of…
1. Is the use of HS codes international? HS codes are used almost globally to identify goods that are imported and exported from countries. All countries that are members of…
The Covid-19 situation has given rise to an increase in volumes of hand sanitizer products being shipped across borders internationally. It is no surprise that the HS code for hand…
The supply chain and logistics space is so full of industry specific terminology and jargon that even the most experienced logisticians can often come across new terms they are unfamiliar…
Export controls define the rules surrounding the release of certain types of data, information, products, technology, services and funds from a country. Export control regulations are written to prevent the…
HS Classification case study: HS code for flavored milk In this case study we will look at the process of determining a tariff code for flavored milk importing to Thailand.…
HS Traders must provide HS codes to Customs authorities when they want to import or export products into a country. This information is usually declared on the import declaration. These…
7 Ways You Can Reduce Costs on Imports If your company is doing any cross-border trade, you have to carefully manage operational costs like transportation charges, insurance, duties, taxes and…
The Harmonized Commodity Description and Coding System, which is also known as the Harmonized System (HS) of tariff nomenclature is a globally recognized, utilized, and harmonized system of descriptions, names,…
Singapore is located very strategically in Southeast Asia. Recognizing the geographical advantage it has, the government has worked hard to capitalize on it. Over the years, an elaborate transportation network…
Anti-dumping duty is a measure implemented by governments to protect local industries and manufacturers. This is a form of protectionism against exporters in foreign countries who have priced their export…
Non tariff barrier definition A non tariff barrier is used to control and restrict specific cross border trade activities without the imposition of import duty. Trade activities affected by non…
Over the past decade, Trade compliance professional jobs have undoubtedly increased all over the world. In each country and in company, these roles have been designed to address immediate needs…