What is the Harmonized HS Code?
Author
NEPSE trading
The Harmonized System Code (Harmonized HS Code) or International Standard HS Code is a classification system that aids in the identification of goods imported and exported in various countries. It is a global standard that helps in the identification and categorization of goods.
Key Features:
- Identity Code: Each item is assigned a specific number or code that represents its description and category, helping in its identification.
- International Standard: While HS codes may vary from country to country, there are internationally shared standards that assist in identifying marketable goods across different nations.
- Business Convenience: This standard is crucial for facilitating international trade regulations and making them more manageable.