Harmonized system code list

Posted by Anamseair on April 1st, 2021

Harmonized System Code is generally acknowledged throughout the field of industry classified systems in a large array in the export systems for products. It is a common numerical method that identifies trade items and has been used by customs authorities to calculate taxes and duties. This system is managed and controlled by World Customs Organization (WCO). Businesses and governments use this system in an alike unique way for identifying and coding merchandise to facilitate international trade. As a whole, HS is thus considered an important weapon not only by the WCO but also by several public and private entities engaged in foreign trade.

HS Classification is known for the procedure of assigning the HS codes. While utilizing the General Rules for the Interpretation of the Harmonized System (GRI), all the products can be easily classified in the Harmonized System. The HS codes can be determined through a different range of factors which may include the composition of the product, its function, and form. Some general rules for interpreting the HS classification are followed where the first rule requires the products that are to be classified based upon tariff headings and utilize the first four rules in a hierarchical order. The second general rule is divided into two parts: part a specifies the unfinished unassembled articles that belong to the category containing the critical component, and part b specify the product that needs to be classified and belongs to a collection of mixtures or is a composite product. Similarly, these general rules are divided into six parts altogether that help to understand the importance of the HS classification and codes.

The hsn code search is logically organized as per the material component or economic activity. The basic structure of the HS code states to have six to ten digits. Among all the global economies, the code of six digits is found to be common. Yet a difference can also be found where eight to ten digits are in use. These commodities are divided into 21 sections which then sub-divided into 99 chapters and again more subdivision is done into 1,244 headings and 5224 sub-headings. HS Code Search is performed through the sections that are divided into Section 01 for live animals & animal products; Section 2 for vegetable products; Section 3 for oils and fats from vegetable or animal and; edible fats prepared and also waxes made from animal or vegetable waxes and many more such divisions.

Seair Exim Solutions helps exporters and importers and by providing import export data of various top trading countries. The data contains like HS Code, item’s description, date of shipment, amount, pricing, importer’s name, exporter’s name etc.