Know the Importance of Harmonized System Code

 

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 not check an invoice in detail. This will save time in international trading. They will hold any goods entering the customs clearance process without the HS code. Thus, it will be a waste of time and money to release such goods without an HS code mentioned on the shipment invoice.

HS Classification is listed for 5300 products. They are classified according to the goods type. For example, HS code 39 is classified as plastic goods. Therefore, the HS classification from 3901 to 3926 represents Plastics articles. The WCO assigns them under the General Rules for the Interpretation of the Harmonized System or GRI. Here, a proper decision is made to classify a product as per goods type, its uses, and process and goods composition. They will come under a subheading. 

  

HS codes are difficult to memorize if you export-import many goods. Either, you have to search the exact code from five thousand products. It will be costly if you appoint an HS code consultant or expert. The smart way to deal is to use HS Code Search tools online. Here, if you know the name of a product, you can type the name of that product in the HS code search bar. The HS code of the respective product will be displayed within a fraction of seconds. Similarly, you can they the code and get the product name too. These are free tools in many export-import data provider sites. However, there are paid sites, which display with tariff.

Seair Exim Solutions also provide Export Import Data India, custom duty of India, HS code list, and global trade information of more than 80 countries in the globe.