COMPLETE GUIDE ON UNDERSTANDING HS CODES FOR YOUR GOODS

HARMONISED SYSTEM CODES ( HS CODES ) → WHAT IS A HS CODE ? The Harmonized System codes and Coding System , better known as HS Codes are 6 to 8 digits unique codes that are assigned to each shipment and product that are supposed to be traded from one country to another . WHAT ARE THE DIFFERENT USES OF HS CODES ? Reporting of shipments in Automated Export Systems as per guidelines . One can calculate the amount of Import Duty levied on a particular product . ( ooo ) FIRST TWO DIGITS : 09 Defines the chapter of the product ( primary category ) . Example : Coffee , plastic , minerals , machines Helps in easy customs clearances Helps to maintain costing , taxes , & tariffs Classifying the goods for shipping purposes to a foreign nation . 100⁰ EO Completing the shipping documentations like customs and shipment documents . 1 % HOW HS CODE IS MADE ? LET THE HS CODE OF A PRODUCT BE 090111 Tradelmex® OC DODJI HS Codes helps in doing accurate import export market research . MIDDLE TWO DIGITS : 01 Defines the sub - category of product under major category . Example : Ginger , wheat , electrical , lignite BENEFITS OF HS CODES TO MARKETERS HS code LAST TWO DIGITS : 11 Defines the sub - sub category if applicable . If not , then last two digits are 00 . Example : quality , durability , raw , chargeable No need to carry catalogues or records Legally and internationally accepted FOR MORE INFORMATION : [email protected] | www.tradeimex.in