What Is Hs Code India

It was developed by the wco world customs organization as a multipurpose international product nomenclature that describes the type of good that is shipped. The harmonized system is a standardized numerical method of classifying traded products. Coin chapter 72 hs code for base metals and articles of base metal.

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Hs code of optical photographic cinematographic measuring checking precision medical or surgical instruments and apparatus.

What is hs code india. Among industry classification systems harmonized system hs codes are commonly used throughout the export process for goods. Goods are grouped into the harmonized system of nomenclature. Hs codes are defined into 21 sections around the world which are divided into 99 chapters under which thousands of products are further classified.

Hs code stands for harmonized commodity description and coding system. The harmonised commodity description and coding system popularly known as harmonizsd system or hs is a multipurpose international goods nomenclature used as the basis for customs tariffs and for the compilation international trade statistics all over the world. Hs commodity code is categorized into 2 digit 4 digit 6 digit 8 digit level.

To achieve uniform classification the hsn is supported by well defined rules and is accepted worldwide. Free search hs codes indian hs code list itc harmonised system code hs classifications search hs code in chapter 1 to 98 custom tariff head. It is used by customs authorities around the world to identify products when assessing duties and taxes.

Hs code for natural or cultured pearls precious or semi precious stones precious metal metals clad with precious metal and articles thereof. This is the common standard worldwide for describing the type of commodity. Itc hs codes are well known as indian trade clarification itc and are based on the harmonized system hs of coding.

This helps in standardizing the codes worldwide. What is the structure of hs code. Hsn is a six digit code that classifies more than 5000 products arranged in a legal and logical structure.

Harmonized system hs codes. India is a member of the world customs organization wco since 1971. Part and accessories thereof chapter.

Hs stands for harmonized system. Every commodity that enters or crosses most international borders have to be declared to customs by means of a hs code. Today customs officers must use hs code to clear every commodity that enters or crosses any international borders.