Harmonised Tariff Code (HTC)

• International Trade
• Customs
• Tariff Classification

The Harmonised Tariff Code (HTC) is part of an internationally standardized system of names and numbers to classify traded products. It’s used by customs authorities around the world to determine the duties, taxes, and regulations applicable to imported and exported goods.

Problem it addresses

Businesses involved in international trade face the challenge of correctly classifying their products for customs, which can be complex and vary significantly between countries.

How it helps

Using the correct HTC ensures that products are consistently classified, helping businesses to accurately calculate the duties and taxes owed, comply with local regulations, and avoid costly delays or penalties for misclassification. It facilitates smoother international trade by standardizing product categories across borders.