WebHarmonised System (HS) codes are an international standard for calculating Import Duty tax. Controlled by the World Customs Organisation (WCO), the system was first introduced in 1988. Each HS code describes a particular trade product, which allows governments around the world to charge the right tariffs. Web28 okt. 2024 · Take umbrellas for example. The digit “6601.91” is the HS code for umbrellas that have a telescopic shaft. But the digit “6601.99” is the HS code for ‘other umbrellas and sun umbrellas’. Take potatoes as another example. Fresh or chilled potatoes will be classified as 0701.90. But frozen potatoes will go under code 0710.10.

Harmonized System (HS) Codes - International Trade Administration

WebThe HSN code aids in determining the quantity of all items imported or traded through a nation. The Importance of the HSN Code While the primary purpose of the HSN code is … Web29 aug. 2024 · The Harmonized System classification is a six-digit standard, called a subheading, for classifying globally traded products. HS codes, also called HS numbers, … growing hair from bald to long

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WebThe HS is organized logically by economic activity or component material. For example, animals and animal products are found in one section of the HS, while machinery and mechanical appliances are found in another. … WebThe Harmonized System (HS) is a global product classification system. To export, you will need to know the HS Code for your product. Harmonized System (HS) Codes Among industry classification systems , Harmonized System (HS) Codes are commonly used throughout the export process for goods. WebDifference Between HS Codes and HTS Codes The difference between an HS code and an HTS code is the number of digits within the code. A code with six digits is the universal standard HS Code, whereas a code with seven to 10 digits is an HTS Code. HS codes are globally relevant codes. growing health care jobs