Under the Harmonized Tariff Schedule,all countries charge the same rate of duty upon the import of the same or similar products.

Question

Quizplus · Accepted Answer

The Harmonized Tariff Schedule (HTS) provides a standardized system of classification for goods traded internationally. While the HTS is used by many countries, each country has its own set of tariffs and duties that may vary based on the product and country of origin. Therefore, different countries may charge different rates of duty for the same or similar products under the HTS.

Under the Harmonized Tariff Schedule,all Countries Charge the Same Rate