Harmonized System
The Harmonized 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) (formerly the Customs Co-operation Council), an independent intergovernmental organization with over 170 member countries based in Brussels, Belgium.
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“Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt.”
—William Cobbett (1762–1835)
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