HS (Harmonized System) code acts as a common language in the international import-export trade market. This system code provide assistance in handling the entire process of trade including shipping, importing, exporting etc. Each and every product trade in the international market contains a specific code called harmonized system code. HS code finder plays a very important role in finding an appropriate HS code which is used in almost every organization including international organizations, Government and the private sector for many different reasons.
With the help of execution the Harmonized System Code (HS) or the Global Harmonized System (GHS) is intentional (countries select to apply pieces of the recommendations), every chief player uses a difference of it. The HS codes have been being used by 98% of international trade all over globe. First two digits of a particular HS codes are called chapters, next two digits are heading and next two digits are sub-heading. Have a look on the given example in order to completely understand how HS codes work.
The HS Code of Pineapple is 0804.30.10. First two digits i.e. “08” called “chapters’- (Edible fruit & nuts, peel of citrus/melons). First four digits i.e. “0804” are called ‘heading’- (Dates, Figs, pineapples, avocados, etc. fresh or dried) and first six digits i.e. 080430 are ‘sub heading’- (Pineapples).
It is a universal six digit code followed by almost every country around the world. It is considered the easiest way to classify the import and export goods to know the international trade statistics. HS code finder helps in knowing customs tariffs, collection of international trade statistics, rules of origin, collection of internal taxes, trade negotiations, monitoring of controlled goods, areas of Customs controls and procedures, including risk assessment, information technology and compliance.