Harmonized System Code List

by Anam Seairexim Import Export Data Provider

The harmonized system code or HS code list is essential for anyone dealing with international trade. It is because, by using these codes, a detailed invoice preparation is not required by the importers and exporters in trading. The customs department’s work is made simple as they can check the goods or commodity details by just checking the six to ten-digit codes present on the shipment invoice. Thus, goods movement in foreign trade is not stuck with the customs department at seaports and air cargo terminals. These codes have made the goods movement faster in trading across this globe by sea, air, and across the internal border roads. Seair Exim Solutions are the export import data service provider. They provide the latest list of HS codes 2020.

HS Classification is easy to understand if you can read and understand them in any language. To know about HS classification, you need not be from a commerce background, do gradation is international business or must be into import-export business. Here, we have explained them in simple language.

Example of HS Code

· HS Code consists of 10-digits numbers like 1234567890

·         Here, 123456 or the first six-digit numbers stand for the commodity, a product, or goods in trade.
·         These 6-digits number comes under a product classification and section under a sub-heading.
·         The last four-digits or 7890 stands for customs tariff or duty. It is the tax payment of the value of the goods in trade.

Hs code search is standardized by WCO and is accepted by more than 150 participating countries in foreign trade. The customs department, ICDs, clearing and forwarding agents, shipping agencies, importers, and exporters benefit from the use of HS codes in trading. Today, it is one of the best practices and compliance to be followed by the people involved in international trading.

HS Code List Search online is the best to check on export import data solution. Here, you can check on the HS code toolbar 24/7. This tool will help you to get an HS code of a commodity by entering that commodity name. It will generate the commodity name by entering the HS code. Thus, it works two ways, as many of the people cannot memorize all the 5000 plus commodities in international trade. If you cannot find the code, you can search for the nearest commodity classification and see that the commodity type matches the HS code list. In this way, you will get the HS code by searching online.