harmonized commodity description and coding system explanatory notes pdf

Harmonized commodity description and coding system explanatory notes pdf

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Published: 12.05.2021

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It allows participating countries to classify traded goods on a common basis for customs purposes. At the international level, the Harmonized System HS for classifying goods is a six-digit code system. The six digits can be broken down into three parts. The first two digits HS-2 identify the chapter the goods are classified in, e.

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This page contains the chapter-by-chapter listing of the Harmonized Tariff Schedule and general notes. The links below correspond to the various sections in the Table of Contents for the Harmonized Tariff Schedule. Clicking on a link will load the corresponding Adobe. Change Record The record of legal and statistical changes in this edition of the Harmonized Tariff Schedule. Notice to Exporters. Chemical Appendix to the Tariff Schedule.

The Harmonized Commodity Description and Coding System , also known as the Harmonized System HS of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in and has since been developed and maintained by the World Customs Organization WCO formerly the Customs Co-operation Council , an independent intergovernmental organization based in Brussels , Belgium, with over member countries. The 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. The HS is organized into 21 sections, which are subdivided into 99 chapters.

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You would have seen this terminology called HS Code across many trade documentation or correspondences.. Every commodity that enters or crosses most international borders have to be declared to customs by means of a HS code.. This helps in standardizing the commodity codes worldwide.. It comprises about 5, commodity groups; each identified by a six digit code, arranged in a legal and logical structure and is supported by well-defined rules to achieve uniform classification. The system is used by more than countries and economies as a basis for their Customs tariffs and for the collection of international trade statistics. The HS Code contributes to the harmonization of Customs and trade procedures, and the non-documentary trade data interchange in connection with such procedures, thus reducing the costs related to international trade. It is also extensively used by governments, international organizations and the private sector for many other purposes such as internal taxes, trade policies, monitoring of controlled goods, rules of origin, freight tariffs, transport statistics, price monitoring, quota controls, compilation of national accounts, and economic research and analysis.

The Harmonized Commodity Description and Coding System (HS) of tariff nomenclature is an internationally explanatory notes. The system begins by and the international rules and notes without deviation, but are free to adopt additional.

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The HS is a broad classification system of approximately 5, 6-digit headings which are used to classify internationally traded goods as they enter or leave a country. First introduced on 1 January , it has been adopted by most trading nations, including Australia. It enables information on traded goods to be compared internationally.

Under the terms of that Convention, thefunctions of the Council are : a To study all questions relating to co-operation in customs matters. The Councilpossesses juridicalpersonality. They are kept up-to-date by the issue of new pages to replace those affected by the amendments made. A heading number placed between square brackets indicates that the correspondingheading and Explanatory Note have been deleted example : heading [

What is a HS Code..??

The objective of the HS Convention is to facilitate trade and information exchange by harmonizing the description, classification and coding of goods in international trade. The HS is used for Customs tariffs and the collection of external trade statistics.


  • Gilda Q. 16.05.2021 at 23:00

    The Harmonized Commodity Description and Coding. System (HS) contributes to the harmonization of. Customs and trade procedures, and non-documentary.


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