HS Code- To Know About Harmonized Tariff System (HTS) HS Classification
The goods traffic in international trade is with thousands of products. Hence, the goods in shipment are with unambiguous customs tariff. The World Customs Organization or WCO has set the harmonized tariff system or HTS. It is standardized since the 1980s. Today, there are nearly 200 countries following the HTS in international trading via seaport and air cargo. If you are new to import-export or EXIM business, it will help you to check exportimportdata.in for detailed HS codes and tariff. Here, log in, or registration is not necessary. This website is by EXIM market research and EXIM data provider.
Harmonized system code or HS code is a
set of 10-digit numeric codes representing a product in international trading. Hence,
you need to know the HS Classification
first before you start to find the HS code of a product and its tariff. Here,
the first six digits are meant for goods items in trade. Hence, each product is
classified into different chapters and sections. Thus, it will be easy to
identify by the customs department at seaport or airport. Therefore, you can
clear your goods without any hindrance from the end of the customs. Here, your
goods-items name in trade and its tax or tariff is right as per WCO act of
1980.
HSN Codes are simple to search online
24/7, 365-days a year. Today, there are apps to find HS codes and tariff. If
you do not know the HS code of an item in trade, you can search by product
name. For this, you have to use the HSN code finder tool online. Here, you will
get the result in the right chapter, classification, and section with tariff.
Hence, the result will be with a full set of HS code values. In the 10-digits
HS codes, the last 4-digits are the tariff or customs duty. Now, you can print
your invoice with the right code and tax.
This source is required for taking
smart and advanced business decisions Indian Customs Export Data is available at the many web portals of search India trade data providing agencies. These firms are committed
to providing trade data from different international countries.