What is the difference between hs code and schedule b

Updated: Nov 19, In international trade, codes and numbers are used to define and classify product details, customs information, taxes, and more. These codes and numbers are used by customs officials for levying tariffs, controlling quotas, and collecting statistics on traded goods.

At first glance, these codes and numbers can be overwhelming, especially if you are new to international trade. Harmonized System Numbers HS.

The first 6 digits are a universally recognized HS code, and the last four digits are unique to the US. You may be required to identify your schedule B code through the AES. These codes are used to track exports to see what is leaving the United States. These codes are updated annually. If we can't help you with it, we'll figure out who can!

Additionally, the Schedule B code is a U. The U. HTS codes are used for classifying products imported into the United States. HS number ; Conducting market research including analyzing trade statistics. How to find your Schedule B code?

You can find your product classification number by using Schedule B Search Engine. The last two digits of the international Harmonized Code are more specific, defining subcategories of products.

Extra digits: Countries can use an additional two to four digits for country-specific categorizations. As you can see, the first six digits the HS numbers are identical. The difference comes in the last four digits. Schedule B codes are used for statistical purposes by the U. Companies that are already classifying their products using the HTS codes for their imports may want to use HTS classification for all their products to eliminate the need to classify their products twice—once under HTS and once under Schedule B.

That is perfectly acceptable, but do keep in mind that there are certain HTS codes that can't be used for exporting. Also, the reverse is not true. Some exporters prefer not to include an HS code on their commercial invoices.

There are consequences if you misclassify your product. Fortunately, there are a ton of excellent resources available to exporters. Here are a few:. Like what you read? Subscribe today to the International Trade Blog to get the latest news and tips for exporters and importers delivered to your inbox.