Introduction to the HSN Codein Search
The Harmonized System of Nomenclature (HSN Code), developed by the World Customs Organization (WCO) in 1988, it is a universal language for categorizing goods, essential for international trade and standardizing processes like customs clearance and statistical analysis.
The Genesis and Evolution of the HSN Code
The HSN Code, Introduced in 1988 by the WCO, the HSN Code was created to simplify the classification of commodities in international trade.The system has been regularly updated, approximately every five years, to reflect the dynamic nature of global trade, including new products and technological advancements..
Global Adoption and Implementation
The HSN Code is recognized and used by over 200 countries, which constitutes about 98% of global merchandise trade.This highlights its role in standardizing product classification and facilitating international trade.
Understanding the HSN Code Structure
General Structure of the HSN Code in Search
The basic HSN Code provided by the WCO comprises a six-digit number,
- 84713001
- Chapter (First 2 Digits)
Broad category of goods as per the Harmonized System of Nomenclature.
- 84 71 3001
- Heading (Next 2 Digits)
Product group within the chapter.
- 8471 3001
- Sub-heading (Next 2 Digits)
Further detail within the heading.
- 847130 01
Beyond Six Digits:
National Tariff Lines
Countries may extend the HSN Code to eight or ten digits or twelve digits for more detailed classification, allowing for the imposition of specific tariffs and controls.
Understanding HSN Code with anExample
Let's take the example of laptops in the United States using the Harmonized Tariff Schedule (HTS) system. Here's how the classification works:
The extended 10 digit HTS Code in the United States for laptops is 8471.30.01.00
Breakdown of the Code:
1. Chapter (84)
This chapter covers machinery and mechanical appliances; electrical equipment; parts thereof, sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles.
2. Heading (71)
Under this heading, automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included, are classified.
3. Sub-Heading (30)
This sub-heading specifically categorizes portable automatic data processing machines, weighing not more than 10 kg, consisting of at least a central processing unit, a keyboard, and a display.
4. U.S.-Specific Extension (01.00)
These additional digits in the United States' HTS Code further refine the category, specifying laptops with a CPU, keyboard, and display, which may include other units housed in the same housing. This level of detail ensures accurate categorization for tariff and trade purposes in the U.S. market.
HSN Codes' Significance in International Trade
HSN Codes accelerate customs clearance, are crucial for tariff determination, manage export benefits, and are instrumental in forming trade agreements.They are also vital in managing lists of banned or allowed goods for import and export , providing insights through trade data analysis, and serving as crucial economic indicators.
Market Research & Competitive Intelligence
Businesses can utilize Export Import Trade data, categorized by HSN Code, for market analysis and competitive intelligence, identifying market opportunities and making informed decisions.
Volza provides comprehensive Global export import Trade data categorized by HSN code, complete with detailed information on buyers and suppliers for each bill of lading.
HSN Code List by Volza
Browse the links below to access Volza's comprehensive list of HSN codes for over 80 countries, enriched with counts of exporters, importers, and shipments, and strategically aligned with the Harmonized System of Nomenclature for the International Trade.
