Similarly, in India, goods for export and import have an eight-digit code called an ITC (HS) code, where ITC stands for Indian Trade Classification and/or Indian Tariff Code. The ITC (HS) codes are developed, maintained and updated by the Directorate General of Foreign Trade (DGFT).
What HS code means?
Harmonized System
Among industry classification systems, Harmonized System (HS) Codes are commonly used throughout the export process for goods. The Harmonized System is a standardized numerical method of classifying traded products.
What is the HS code of your product?
At the international level, the Harmonized System (HS) for classifying goods is a six-digit code system. The HS comprises approximately 5,300 article/product descriptions that appear as headings and subheadings, arranged in 99 chapters, grouped in 21 sections. The six digits can be broken down into three parts.
What is difference between HS and HSN code?
The full form of HSN stands for “Harmonized System of Nomenclature”. HS Code which is known as HSN Code in India was developed by World Customs Organization (WCO) as a standardised system that classifies goods all over the world in a systematic manner.
How do I find my HS Code?
EASILY FIND THE CORRECT HS CODE
- Text Search. Enter a brief description of the product for which you want to find out the related HS Code e.g. : “mobile phone” ,
- HS Code Search. Simply input a valid HS Code like: 7318.16,
- CAS / CUS Number Search. Enter a valid CAS Number (Chemical Abstract Number) like:
Is HS code same for all countries?
The World Customs Organization (WCO) has been administering 6 digits HS codes schedule. However, each country can modify by adding two digits or four digits as per their requirements without changing first six digits. In other words, first six digits of HS code (HTS code) are same in all countries.
What is HS code example?
The first two digits designate the HS Chapter. The second two digits designate the HS heading. The third two digits designate the HS subheading. HS code 1006.30, for example indicates Chapter 10 (Cereals), Heading 06 (Rice), and Subheading 30 (Semi-milled or wholly milled rice, whether or not polished or glazed).
Who is responsible for HS code?
the World Customs Organization
The HS was developed and is maintained by the World Customs Organization (WCO), an independent intergovernmental organization with over 179 members and is based in Brussels, Belgium. The HS is the standard coding structure and related product descriptions used in international trade.
How many HS codes are there?
5,300 HS codes
How many Harmonized System (HS) shipping codes are there? There are approximately in circulation 5,300 HS codes that identify export goodsthat are broken down into headings along with subheadings. They are also arranged into 99 different chapters around with being grouped into 21 sections.
Who needs HSN code?
Importers and exporters have been furnishing these codes in their import, export documents. Traders would mostly be using HSN codes furnished in the invoices issued to them by the manufacturer or importer suppliers. Dealers with turnover of less than Rs 1.5 crore do not need to adopt HSN codes for their commodities.
What is HSN code for books?
HSN Code 4901: Printed books, brochures and similar printed matter, whether or not in single sheets (excluding periodicals and publications which are essentially devoted to advertising)
What is HS Code for shipping?
What is an HS Code? The HS (Harmonized Commodity Description and Coding System) Code is a 6–10 digit number that is required for all international shipments. This number is used by customs to identify the products shipped across international borders.
How do I find my UK HS Code?
You can find the HS Code for your product in the UK with the Tariff Classification tool from . GOV website. Once you are on this website you will need to find a description that is the closest to your product.
Why is HS code required?
HS Codes are important for government officials to identify goods being imported and exported in order to collect the proper taxes. They identify products that are being imported or exported through a country’s borders. They classify and categorize products in a worldwide system used for customs clearance purposes.
How do I find my HS code?
How do you read a HS code?
How do I find HS code?
What does a HS code look like?
The HS code can be described as follows: It is a six-digit identification code. It has 5000 commodity groups. Those groups have 99 chapters.
What is HSN code full form?
HSN code stands for “Harmonized System of Nomenclature”. HSN code is a 6-digit uniform code that classifies 5000+ products and is accepted worldwide.
How do I find my HSN code?
To find an HSN code for a product, first, select the Chapter, then select Section and filter the subheading to finally get the product code. For example, HSN code for Chana Roasted is 19.04. 10.90 where 19 is the Chapter, 04 is the Section, 10 is the subheading and 90 is the product.
