What is HS Code Mean For Import and Export - What is Harmonized System Codes (HS Code)
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What is HS Code Mean For Import and Export
What does this HS Code really mean, who uses it and what is it used for..??
HS Code which for Harmonized Commodity Description and Coding System has become the worldwide standard for describing a commodity in a standardized way across various platforms and authorities like customs and port.
Every commodity that enters or crosses international borders is to be declared to customs by means of this code. These codes are used extensively in electronic messages such as EDIFACT..
The HS Code
is identified by a six-digit code;
consists of 5,000 odd commodity groups covered in 99 Chapters containing 21 Sections;
is arranged in a legal and logical structure and
The International Convention on the Simplification and Harmonization of Customs procedures, otherwise known as the Kyoto Convention, came into effect in 1974 and has revised and updated the code to ensure that it meets the current demands of governments and international trade.
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