HSN Chapter by Name and HS Codes 01 to 98
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 agencies, and customs authorities to control
the import and export of commodities. Harmonized system codes can vary a little
because they are entirely based on the nature of the items classified.
Other benefits of HSN codes
1). We describe the products by their HSN codes so
we need not upload the detailed description of products.
2). Reduces the risk of any confusion related to
the goods.
3). HSN codes saved time and money for tax
authorities.
4). Provide uniform classification.
5). Ample collection of international trade
statistics
How to find HSN codes
It is a simple process to find the HSN code. There are so many websites
are available on the internet to find HSN codes. Just search HSN codes find, click any websites, and
pen down the name of goods and you will get the HSN code.
India is also a member of WCO. India has been using
the HSN codes since 1971. The codes were originally six digits numbers to
classify the different products for Custom and Central excise. To make it
clearer and more precise, two digits were added later now its 8 digits number.
Seair Exim Solutions is one of the best Import Export Data and market research companies that provide access to the customized list of exporters and importers for your HS code. We also provide shipping information on various importing and exporting companies in India.
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