SAC Code List for All Services

Export Import Data are an important part of India’s economy. India earns valuable foreign exchange from exports. Exports help to provide employment and improve the profit margins of companies. Imports provide valuable raw materials for manufacturing. It helps to provide resources unavailable in India. Imports help to make domestic products are competitively produced.  Indian Export Import Data  shows that total exports were 18.4% of the GDP.   Export Import Data  shows that total imports were 21.4% of the GDP. Indian Export Import Data  the exports of commodities for April 2020 to February 2021 was 256.18 billion USD. India recorded export products valued at 27.67 billion USD in February. Several commodities like oil meals, iron ore, food products, carpets, and pharmaceuticals showed growth in exports. Some products showed negative growth for exports like petroleum products, leather, cashew, and gems and jewelry.  Indian Import Export Data  shows India’s biggest export trade partners

India is in South Asia. It shares a border with Bangladesh, Nepal, Pakistan, China, Bhutan, and Myanmar. India shares a maritime border with Sri Lanka, Maldives, and Indonesia. India has the fifth-largest economy. The Indian economy has recovered well after the slowdown in 2020 and is expected to have a 5% growth in 2021. As per Import-export data India, India imports over 7500 products from 192 countries and exports 6000 products from 140 countries.  Import Export Data India is collected from ports across India. India transports goods from seaports, airports, and land ports. The data shows India has 13 major seaports, 24 cargo airports, and 20 ICP. 95% of India’s imports and exports by volume are carried out through the various seaports in the country. As per import-export data, India’s top seaports are:- Jawaharlal Nehru Port Trust Port of Mundra Port of Chennai Port of Kolkata V.O. Chidambaranar Port As per the Indian Exporter Data , the top exporting companies in In

Import and export are very important for a country to maintain a healthy relationship with its neighbouring countries. India plays a very good role in importing and exporting business. Even if you want to trade anything abroad or you want to get anything from abroad, the rules and regulations of trade statistics of India will help you to a great extent. Here, let us discuss the import data in India. What is Import? Import is getting some products from other countries which are not available in our country. We buy the items after paying the proper tax for imports and ship them all over India after completing all the verifications. What is Imports data India? Import Data India is nothing but imports data of India. It has all the details regarding the imports, the verifications, the authenticity of the product being imported, and all the shipping details of the imports into India from foreign countries around the world. These records about the imports will help the officials ma

The Republic of India is South Asia. India has a large peninsular surrounded by the Arabian Sea, Indian Ocean, and the Bay of Bengal India has a fast-growing economy. India was a predominately agricultural economy but has emerged as a center for business-outsourcing, information technology, and outsourcing. Presently it has the sixth-largest economy in the world. According to India’s export-import data , total exports were 19.74% of the GDP and total imports were 23.64% of the GDP.  Export Import Data helps traders make their business strategy. They can use the data to expand their markets or find new products to diversify. They can select buyers or sellers.  Traders can formulate their price and volume strategy.    Indian import data shows that imports for the first eleven months of FY2020-21 were 340.88 billion USD. The highest imports in FY2020-21 were recorded in December 2020 (42.59 billion USD), and the lowest imports were in April (17.12 billion USD). The Indian Import D

HSN (Harmonized System of Nomenclature) that is developed by the WCO (World Customs Organization) to achieve uniform classification all over the world. It is six digits code that categorizes more than 5000 goods and arranges them in legal and logical order. Harmonized System Code is accepted and followed by well-defined rules. HSN code is widely used for taxation purposes and to find the applicable rate of interest on the particular goods or products of any country. HSN code  works magically for the calculation and claiming benefits at the time of taxation. It makes the export and imports smooth and simple. The basic structure of the HSN codes Sections         -      21 Chapters        -     99 Headings        -    1,244 Subheadings    -    5,224  Importance of the HSN code More than 200 countries have adopted the HSN Code for their international trade. Each country has its own HSN code for different commodities that also helpful for the government, statistical agenci

The United States of America is in North-America. It is surrounded by Canada, Mexico, and the Caribbean region. The US has attracted immigrants from all over the world and is known for its diverse population. It has one of the largest economies and is considered to be a free-market economy in most sectors. The US is one of the largest importers and exporters in the world. It has part of the WTO, Organization of American States, and Security and Prosperity Partnership of North-America. US imports data shows that imports were 15.33%. of the GDP. The  US Import Data  shows that in 2020 US imported goods worth 2.408 trillion USD. In January 2021, the US imported 260.2 billion USD. The imports in January were 1.2% higher than imports in December 2020.    The  US import data  shows the top imports in the US are:- Machinery (15% of total imports) Electrical equipment (14.3% of total imports) Vehicles (10.6% of total imports) Pharmaceuticals (5.8% of total i

Harmonized commodity description and coding system or the HSN code or Harmonized System is an internationally recognized code for classifying products. The World Customs Organization (WCO) developed the code in 1988. The headquarters of WCO is in Brussels. Around 200 countries are members of the WCO. Today 98% of the commodities traded are classified by  HSN Classification . The classification covers over 5000 commodities traded across the world. The HSN Classification  is arranged in 99 chapters and 21 sections. The 99 chapters are divided into 1244 headings and 5244 subheadings. The HS-Code is a six-digit code arranged legally and logically. The six-digit number has three parts:- The first two-digits helps to identify the chapter The second two-digits are for the headings The last two digits identify the sub-heading The WCO meets every few years to amend the  HSN Classification  to add new items or delete items that are not traded anymore. The code was last updated in 2017. Traders e

  The US is a large country in North America. It has a highly developed economy. The United States of America’s economy is robust thanks to its abundant natural resources, developed infrastructure, and high productivity. American investments in other countries are over 5.6 trillion dollars. The US is the top importer in the world. The   US Importers Database   shows the total imports in the US are 15.33% of the GDP. The  US importers database  track s  imports around the US can help businesses comprehend the import-export business. Traders can  Search US Import Data  and identify new suppliers, customers, and understand competitor’s supply chains and business strategies. The  find US Buyers data  can help businesses study shipping records and make their pricing and volume strategy. The  find US Buyers data   can help traders look for new markets. The  US Importers Database  shows that the US carried out imports valued at 2810.6 billion USD in 2002. The US imports in 2020 were 294.5 bil