What is the difference between commodity code and HTS code in US. Also whats the significance of both the codes.

The difference between HTS and Commodity codes are as below

HTS is Harmonized Tariff Schedule which is a product classification used when using for US Customs import Declaration

Commodity Codes known as Schedule B Numbers are the product classification numbers used when in doing the Customs Export Declaration.

Commodity Codes or HTS or HS codes are mainly depend on the basic commonly agreed numbering schemes maintained by World Customs Organization(WCO).

The common thing among these two numbering schemes is the first 6 digits are same and rest are different.

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Both are almost similar in nature. It can be maintained in ECC – MM (Foreign trade view imports and exports) and also thru GTS. Its usually used when goods are moved cross border and used in documents which are printed.

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