I wish you all (my old and new readers who always follow my posts) a very good evening. In all previous blogs, I had provided relevant and up-to-date detailed information about the import-export industry. Just like every time today we will be going to discuss another important topic named HS Codes 01 to 98. Through this blog post, I will illuminate the main role of HS code in the trading business and how it is necessary to use this code for products. Let’s go further to explore about it in depth…..
This code has a long list of names such as harmonized system code, tariff code, harmonized coding system etc. It has a very important place in export-import business. It is a compulsion code for every single product i.e. going to export or import from one nation to another nation. This coding system has 6 digits accepted by 200 countries in the entire world. Proper categorization is the main motto of the HS code. It is supported on an international level and all the consignments are considered with this single code. HS Codes of chapter 01 to 98 maintained by Director General of Foreign Trade.
Take a look at the role of HS Code
- It is used to recognize any product while operating trading
- It helps traders to classify exported and imported products for tax collection purpose
- It aids in eluding high penalties and taxes in the trading business
Now the question is from where we collect updated and error-free list of HS Code list of chapters 01 to 98? And the answer is consulting any data providing agency. These companies allow searching harmonized system code of the particular item you’re going to export or import.
SEAIR Exim Solutions is one of those firms that allow their clients to access the list of HS codes online and HS code search using HS code finder for products import and export,. It has an online web portal from where you’ll collect details about products and their harmonized system codes. Apart from this, we also provide import export data, India import data, Indian export data, global trade data, US data etc. at affordable prices.
Export data india 