File Name: harmonized commodity description and coding system hs .zip
HS Codes play an important role in international imports and exports. They are digit codes assigned to specific goods by customs authorities. These codes are used all around the world, making cargo easily identifiable and ensuring the seamless delivery of goods from Point A to Point B. Below we will discuss:. The system is enforced in Australian law by the Customs Tariff Act.
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. The 99 HS chapters are further subdivided into 1, headings and subheadings.
Restricted access. Abbreviation Description Areas NES The partner "Areas NES not elsewhere specified " is used a for low value trade and b if the partner designation was unknown to the reporting country or if an error was made in the partner assignment. The reporting country does not send ITC the details of the trading partner in these specific cases. Sometimes reporters do this to protect company information. So, one could say that "Area nes" is a group of partner countries, but the components of the group vary by reporter, by trade flow, by year and by commodity. Free Zone Free zones belong to the geographical and economic territory of a country but not to its customs territory.
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. 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.
Use this HS and harmonized tariff code list lookup tool to find the six-digit Harmonized Codes for international shipping and accurately classify your goods for global trade. This Harmonized System calculator provides duty estimates where applicable. Click here to find out more about duty estimates.
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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Desiring to facilitate the collection, comparison and analysis of statistics, in particular those on international trade,.Reply
Find out why they're important and where you can get one.Reply