HS code stands for a harmonized system code that was developed by WCO (World Customs Organization). This is a multipurpose global product nomenclature that describes the type of product i.e. shipped. Nowadays, customs officers must use this code to clear each and every product that crosses any global borders.
HS Code Classification India
It is very important for government officials to classify products being exported and imported in order to obtain appropriate taxes.
HS Classification is the final challenge products face before hitting the finish line in the process of shipping. These six to ten digits numbered harmonized system code serve 2 main roles and purposes aside from assisting products clear through customs. Those two major roles are:-
This code is a need for exporters and importers because having the correct classification of product is a part of their legal responsibility.
HS Code for GST in India
Presently, many states in India have their own methods for categorizing products for tax rate determination. India is a member of WCO since 1971 and has been using HS codes since 1986 to categorize products for Central Excise and Customs. This code has 6 digits for a product (every two digits representing Chapter, heading, and subheading).
Under goods and services tax, a number of dealers will adopt 2, 4 or 8 digit HSN code for their products depending on their yearly turnover.
India HS Code List of Major Sections
You can also do HSN code search for all the sections at our website seair.co.in.
Now Check Out the Role of HS Code Import Data
This data is beneficial for importers, exporters, and traders who want to access the HS code of imported products. Our company provides this data for more than 80+ countries including India. You can select HS code list for any country and get import data of selected HS code for that specific country as well.
Apart from this code, you can also view other data fields and buy import data report of a specific country for the selected product.
Seair Exim Solutions is one of the top import export data provider companies in India. It offers 100% genuine, trusted and reliable custom shipment data for more than 80 countries such as India, USA, Russia, Mexico, Indonesia, Vietnam, etc. For the USA we offer US import data, and other countries we offer both import and export data like India import data, India export data, import data Indonesia etc.
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