Customs 101: What is HS Code | FedEx Australia
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Jun 13, 2024
fedex.com
Why HS Code is Important in Export Import Business? HS Code (Harmonized System Code) is a globally accepted classification system used in import-export business to identify products in international trade. It helps customs authorities determine duties, taxes, and restrictions on goods. Using the correct HS Code ensures smooth clearance, avoids penalties, and helps exporters find relevant buyers in global databases. If you're in the export-import business, mastering HS Codes is a must for complia
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