The Harmonized Commodity Description and Coding System

The Harmonized Commodity Description and Coding System
Commonly known as Harmonized System. It is a classification system devised by the Customs Cooperation Council to provide uniformity in tariff classification, trade statistics, and transport documentation among cooperating countries. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Harmonized System — The Harmonised Commodity Description and Coding System (HS) of tariff nomenclature is an internationally standardized system of names and numbers for classifying traded products developed and maintained by the World Customs Organization (WCO)… …   Wikipedia

  • Harmonized System — UK US noun [U] (ABBREVIATION HS, also Harmonized Commodity Description and Coding System) COMMERCE ► the international system of numbers that is used to refer to products to make it easier to trade them between countries …   Financial and business terms

  • World Customs Organization — ▪ intergovernmental organization       intergovernmental organization established as the Customs Co operation Council (CCC) in 1952 to improve the efficiency and effectiveness of customs administrations worldwide. In 1948 a study group of the… …   Universalium

  • World Customs Organization — WCO Abbreviation WCO Formation January 26, 1953 (1953 01 26) (58 years ago) …   Wikipedia

  • Grey market — Dark market redirects here. For the Internet forum, see DarkMarket. A grey market or gray market also known as parallel market[1] is the trade of a commodity through distribution channels which, while legal, are unofficial, unauthorized, or… …   Wikipedia

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