A business
organization which is involved in Import and export trade must be aware about
the HSN code for the good they manufacture and want to export. Harmonized System Nomenclature Code which is known as
Harmonized System Nomenclature helps to differentiate various
products which are going to be exported from India. This system has been
developed by world customs organization or WCO to classify every product across
the globe in a practical manner. This code is a number and this is accepted all
over the world.
So, whenever it is necessary for searching the category of a
product that is necessary to know a brief about HSN. This structure has 91
sections and this includes 98 chapters. Every chapter has different category of
product. Different product has different HSN code with 8 digit numbers. The
numbers are denoted as follows
A. The first two digits stand for
the chapters
B. The next two numbers denote the
heading
C. The fifth and sixth digits
indicate HS sub heading
D. Last two digit stands for tariff
item level.
Every export import company needs to find Harmonized System Nomenclature codes for products and these companies can easily find the
numbers from online. There are lots of companies which are offering top expert
service in maintain proper HSN code online. Here you need to visit the site and
search the Harmonized System Nomenclature the HSN code 2017 from where you will get all necessary details.
At
present, this code is mainly used for making classification of goods for
computing the value added tax in India.
The Indian government also seriously adopted it for making
classification of Goods and service tax. Collect the list of HS codes for products from a trusted
data sharing website which is having reputation for sharing authentic and
correct data for import/export and HS code. Check site review before extracting
data.
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