Simple and Quick HS Code Finder

Posted by Anamseair on April 12th, 2021

The Harmonized Commodity Description and Coding System are called Harmonized System or HSN Code are used extensively for international trade. The HS Code is a standardized numerical method for classifying commodities. The World Customs Organization or the WCO developed the HSN Code on 1 January 1988. Over 200 countries use the Harmonized System. The WCO maintains the coding system update the list every 5-6 years. 

The HSN code find is used by traders, trading association, and government agencies for the following purposes:-

  • To find the customs tariff for the commodity
  • To collect trade and transportation statistics on global trade
  • To find the rules of origin
  • To collect domestic taxes
  • For transport charges
  • To monitor the trade of controlled products
  • Risk assessment and compliance when goods are stored in the customs warehouse. 

 The HS code describes over 5000 commodities and describes 98% of goods traded internationally. Before traders start using HSN code finder to look for the code of the product they trade it is useful to understand the basic principles of the code.  

The HSN code is classified into 21 sections is divided into 99 chapters. The chapters are further divided into 1244 heading and 5224 sub-headings. The HSN code is 6 digit code structure arranged in a logical and legal structure.

  • The first two-digit signify HS Chapter
  • The third and fourth digits signify HS heading 
  • The last two digits indicate HS Sub-heading

Countries have the flexibility to modify the HSN Code for their internal taxation purposes. The ITC Code or the Indian Trade Classification System is derived from the HSN Code. It has two section -

  • First Section – it is based on HS Code has 6 digits. It covers export rules.
  • Second Section – It covers import rules and is 8 digit code. 

But how do to find the HSN code for your product? You can visit the DGFT website or Exim solution website. Seair Exim Solution is a reputable source for import-export data. We cover the HSN code list for individual countries. Our user-friendly website makes it possible to search HS Code in a section-wise and chapter-wise manner. Traders use the HSN coder finder to ensure they comply with documentation requirements. Get the authentic and accurate trade business services such as shipment data, export-import activities of rivals, HS code, etc from the export import data solution platform.

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Anamseair

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Anamseair
Joined: February 19th, 2021
Articles Posted: 4

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