SAC Code List for All Services

  Located in North America the US is a large country surrounded by Canada, Mexico, and Russia. The US is one of the most developed nations in the world. It is the world’s largest trading nation and has the second-largest manufacturing capacity in the world. US   Import Export Data   shows that total exports in 2020 were 2139.9 billion USD and total imports were 2810.6 billion USD. As per the  US import-export data , i m ports of commodities in December 2020 were 256.6 billion USD and exports in the same period were 190 billion USD. The trends show exports have risen steadily since June 2020. The US recorded one of the highest trade deficits since 2008 with a deficit of 678.7 billion USD. US import-export data  is collected from the customs port across the country. The data is collected from government departments, various trade bodies, and shipping companies. The database typically contains the following information.- Date of shipment Product description and its...

  Mentioning the harmonized system of nomenclature or the HSN codes is vital in any shipment invoice i n   foreign trade from a country to any of the World Customs Organization or WCO listed countries. Thus, the HS or Harmonized System Codes is a short numeric form for the products in trade with 10-digit numbers. Here, we have discussed its importance, uses, and find HS codes of a product online and offline. It is advisable to check   seair.co.in  for   a free demo by anyone new to the export-import business. Thus, many of the existing business people in international trading trust this online import-export data service provider. The use of  HS Codes   differs with the nation. However, the use of the first 6-digits is mandatory as it describes the goods in trade. The last four digits represent the tariff. Hence, the customs department needs not read a detailed product description of a shipment invoice in exports or imports from a country. These codes c...

  The US or the United States of America is a federation of 50 states. It is an economic superpower. The US economy is flexible, resilient, and innovative. It is the largest importer in the world. According to the USA importers data, imports of goods and services are 15.33% of the GDP.  In 2020 US imported commodities worth  USD 2,810.6 billion. USA Importers Data  is a comprehensive database made from information collected from customs departments, port authorities, logistic provides, and trade bodies. The data has several fields such as:- Importers name and contact details Product description and HS Code of the commodity imported Unit quantity and the total quantity imported Price of the commodity Import duty paid  Country and port of origin  Destination port According to  USA importers data , the top importing partners of the US are:- China Mexico Canada Japan Germany   The  USA imp...

  The harmonized system code of HS code is much important for every exporter and importer. These codes only allow their goods to pass from a countries border and let in from other countries to receive in from the respective customs department. It is an international standard set by the World Customs Organization or WCO. It makes the customs department read the code and understand the products in trade with tariff or customs duty. It is advisable to check seair.co.in for detailed HS code classification for all listed goods in international trade. Harmonized System Code consists of 10-digit numbers. Here, the first six digits represent the goods section and its classification. The last four digits represent the tariff. Hence, the customs department to ship or move through air cargo from a country will not entertain any goods in trade without the right HS code. These codes have reduced the full description of a product in a shipment invoice. Moreover, the customs officials need no...

  India is a large economy, in 2019 GDP was USD 2.59 trillion. It is poised to become the 5th largest economy in the world. India was a protected economy imports were regulated with high import duty. India's economy opened up in 1991 and foreign investment increased dramatically. Import and export of goods increased. International trade is 40.02% of the economy. According to trade data, the  main trading partners of India  are:- 1.       United States:- The United States is the Top Trading Partner Of India . The total bilateral trade     between the two countries was USD 88.79 billion. The country was India’s  top export trading   partners of India.  The US exported goods worth USD 57.7 billion. The top exported goods were   precious metal and stones, pharmaceuticals, machinery, mineral fuels, and organic chemicals. India   imports goods worth USD 34.3 billion. The top imports to India were miner...