How do you classify HS code?
HS codes are six digits that can be broken down into three parts: the first two digits identify the chapter in the HS Nomenclature the goods are classified in, the next two digits identify the heading within that chapter, and the last two digits identify the subheading within that chapter.
What is my HS code?
The HS code for your product will be listed on the commercial invoice a buyer receives with their order. It may be used to classify products upon export and to calculate applicable taxes and duties upon import.
What is the current version of HS?
2017 edition
The latest HS edition now in force is the 2017 edition , following those of 2002, 2007 and 2012.
How do I find my UK HS code?
You can find the HS Code for your product in the UK with the Tariff Classification tool from . GOV website. Once you are on this website you will need to find a description that is the closest to your product.
Why HS classification is important in international trade?
HS Codes are important for government officials to identify goods being imported and exported in order to collect the proper taxes. They identify products that are being imported or exported through a country’s borders. They classify and categorize products in a worldwide system used for customs clearance purposes.
Is HS code and HSN code same?
What Is HSN Code? The full form of HSN stands for “Harmonized System of Nomenclature”. HS Code which is known as HSN Code in India was developed by World Customs Organization (WCO) as a standardised system that classifies goods all over the world in a systematic manner.
What is Hs Tariff Code?
The Harmonized System, or HS, Tariff code is used to classify physical goods and traded products for export to another country. In the Stamps.com software, you have the option of entering a six-digit HS Tariff, a value developed and maintained by the World Customs Organization (WCO).
How are HS classifications maintained in the US?
The U.S. maintains separate HS classifications for imports and exports and classifies products at the ten-digit level. Import codes are provided in the Harmonized Tariff Schedule and maintained by the U.S. International Trade Commission (ITC).
What is the HS 2012 code number for 2017?
The middle column contains the corresponding HS 2012 code numbers, and may be preceded by “ex”. This prefix indicates that the corresponding HS 2017 entry contains only part of the referenced subheading. For example, the new subheadings 0304.56 and 0304.57 contain a part of the HS 2012 code number 0304.59, which is, therefore, preceded by “ex”.
What is the purpose of the HS system?
Harmonized Commodity Description and Coding Systems (HS) The Harmonized System is an international nomenclature for the classification of products. It allows participating countries to classify traded goods on a common basis for customs purposes.
When did the harmonized classification system come into force?
The Harmonized System was introduce d in 1988 and has been adopted by most of the countries worldwide. It has undergone several changes in the classification of products. These changes are called revisions and entered into force in 1996, 2002, 2007, 2012 and 2017. Detailed amendments to each HS nomenclature are available at attachment links below.
