Are you finding out the meaning of HSN Code?
Well, it stands on Harmonized System Nomenclature that is used to categorize an
item in import and export business. It is a multipurpose global product
nomenclature developed by the World Customs Organization. The major aims behind
developing HSN Codes are classifying
products all around the globe in a consistent way. This has 6 digit uniform
codes that categorize over 5000 products and accepted worldwide.
At present, this system is used by two hundred
countries and economies for their customs tariffs as well as for the collection
of global trade figures. 98% of products in global trade are categorized in
terms of harmonized system code. It is used to categorize products for taxation
purpose, enforcement of national laws & global treaties, claiming
advantages, etc.
What do You Mean by HSN Codes?
As we previously mentioned, HSN Codes are used for the
classification of goods. This structure has 21 sections along with 98 chapters
and every chapter defines a particular category of an item. This code comprises
of 8 digits code. Primary two digits define chapter, next two digits define
heading, third two digits define subheading, and the last two digits define tariff
item level. Let’s take an example to understand it better:-
We take an example of HS code- 87032191
How to Find HSN Codes Online?
SEAIR Exim Solutions present HS Code Finder tool to our clients who are looking for an updated and accurate HS Code of their products. Follow the given below steps to search this code on our website:-
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For
free data samples and report; free live demo search contact us-
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