HS
(Harmonized System) code acts as a common language in the international
import-export trade market. This system code provide assistance in handling the
entire process of trade including shipping, importing, exporting etc. Each and
every product trade in the international market contains a specific code called
harmonized system code. HS code finder
plays a very important role in finding an appropriate HS code which is used in
almost every organization including international organizations, Government and
the private sector for many different reasons.
With
the help of execution the Harmonized System Code (HS) or the Global Harmonized
System (GHS) is intentional (countries select to apply pieces of the
recommendations), every chief player uses a difference of it. The HS codes have
been being used by 98% of international trade all over globe. First two digits
of a particular HS codes are called chapters, next two digits are heading and
next two digits are sub-heading. Have a look on the given example in order to
completely understand how HS codes work.
The
HS Code of Pineapple is 0804.30.10. First two digits i.e. “08” called
“chapters’- (Edible fruit & nuts, peel of citrus/melons). First four digits
i.e. “0804” are called 'heading'- (Dates, Figs, pineapples, avocados, etc.
fresh or dried) and first six digits i.e. 080430 are 'sub heading'-
(Pineapples).
It
is a universal six digit code followed by almost every country around the world.
It is considered the easiest way to classify the import and export goods to know
the international trade statistics. HS
code finder helps in knowing customs tariffs, collection of international
trade statistics, rules of origin, collection of internal taxes, trade
negotiations, monitoring of controlled goods, areas of Customs controls and
procedures, including risk assessment, information technology and compliance.
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