HS Code stands for Harmonized Commo

HS Code stands for Harmonized Commodity Description and Coding System..

This is the common standard worldwide for describing the type of commodity.. Every commodity that enters or crosses most international borders have to be declared to customs by means of this code.. This helps in standardizing the codes worldwide..

You can now access the HS Code search via this blog’s sidebar.. Check on the right side under HS CODES..

Here is the definition according to WCO website,

The Harmonized Commodity Description and Coding System generally referred to as “Harmonized System” or simply “HS” is a multipurpose international product nomenclature developed by the World Customs Organization (WCO).

It comprises about 5,000 commodity groups; each identified by a six digit code, arranged in a legal and logical structure and is supported by well-defined rules to achieve uniform classification.

The system is used by more than 200 countries and economies as a basis for their Customs tariffs and for the collection of international trade statistics. Over 98 % of the merchandise in international trade is classified in terms of the HS.

The HS contributes to the harmonization of Customs and trade procedures, and the non-documentary trade data interchange in connection with such procedures, thus reducing the costs related to international trade.

ผลลัพธ์ (คลิงออน) 1:

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