Harmonised System (HS) is the Harmonised Commodity Description and Coding System that is a multipurpose international product nomenclature developed in 1988 and has since been developed and maintained by the World Customs Organization (WCO) (formerly the Customs Co-operation Council). A HS is the commodity structure of external trade flows of goods that is an internationally standardised system of names and numbers to classify traded products. (Refer to the HS Code (Harmonised Commodity Description and Coding System); Tariff Code)
Related Definitions in the Project: The Logistics Management
