Harmonized System Code (Hs Code)

Tags: Glossary

The Harmonized System is an international nomenclature for the classification of products. It allows participating countries to classify traded goods on a common basis for customs purposes. Hazardous materials are flammable or poisonous substances that pose a threat to life, property, or the environment if released carelessly. These materials can be gases, liquids, or solids, and they include toxic chemicals, fuels, nuclear waste products, biological, chemical and radiological materials with a strong potential to cause harm.

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