The online version of the Harmonized System DatabaseReform, Modernization, Monitoring Activities and Projects, Single Window Interactive MapCustoms e-learning for current and future trade leadersThe Harmonized Commodity Description and Coding System generally referred to as "Harmonized System" or simply "HS" is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). The Explanatory Notes are also available on The maintenance of the HS is a WCO priority. Over 98 % of the merchandise in international trade is classified in terms of the HS.
Understanding HS Codes and the Schedule B See the list at In early editions of HS 1988 and HS 1996, UNSD created sets of non-standard HS codes to keep track detailed of Petroleum products that was available in (submitted data sets of) SITC Rev.3, but not in HS 1998 (such as Kerosene jet fuel). The amendments were not only motivated by changes in technology (i.e., addition of heading for light-emitting diode (LED) lamps) or patterns of international (i.e., deleting of some subheadings due to low trade volume) trade but also to clarify certain texts to render them more consistent with scientific or customary terminology of with trade practice. The HS Contracting Parties are, however, encouraged to apply these amendments from 1 January 2017. This includes some measures to secure uniform interpretation of the HS code as well as its periodic updates in light of developments in technology and fluctuations in trade patterns.The WCO manages the entire process through the Harmonized System Committee that represents the Contracting Signatories/Parties to the HS Convection. The system was first implemented in 1988 and is currently maintained by the World Customs Organization. The HS Committee also prepares amendments updating the HS every 5 – 6 years.Decisions concerning the interpretation and application of the Harmonized System, such as classification decisions and amendments to the Explanatory Notes or to the Compendium of Classification Opinions, become effective two months after the approval by the HS Committee. Today, customs officers must use HS code to clear every commodity that … We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.Briefly, what type of stock or trade are you looking to finance? The HS Convention, signed in 1983, has … The Harmonized Commodity Description and Coding System generally referred to as "Harmonized System" or simply "HS" is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). These are reflected in the amending supplements of the relevant Customs e-learning for current and future trade leadersReform, Modernization, Monitoring Activities and Projects, Single Window Interactive Map The Conference of the Parties shall encourage the World Customs Organization to assign specific Harmonized System customs codes to the individual chemicals or groups of chemicals listed in Annex III, as appropriate. Countries are allowed to add longer codes to the first six digits for further classification. The United States uses a 10-digit code to classify products for export, known as a You will need both the U.S. Copyright World Customs Organization HS stands for Harmonized System. The Harmonized System (HS) is a global product classification system. It was developed by the WCO (World Customs Organization) as a multipurpose international product nomenclature that describes the type of good that is shipped. When available, it also provides data at the HS subheading level on non-MFN applied tariff regimes which a country grants to its export partners.
You can help stop the spread of coronavirus (COVID-19). ECO; Media Center. The system is used by more than 200 countries and economies as a basis for their Customs tariffs and for the collection of international trade statistics. The HS 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. The recommendations include 242 sets of amendments in various sectors as follows: agricultural, chemical, wood, textile, base metal, machinery, transport and other sectors. HS stands for Harmonized System. All commodities are classified in the HS by using GRI (General Rules of the Interpretation of the Harmonized System).The acceptance and versatility of the HS code as a universal economic language and code for goods has made it an indispensable tool for international trade, incorporated into many customs clearance systems around the world.Using the correct HS code and the right interpretation is of utmost importance Using the correct HS code can be quite tricky in specific instances, as an interpretation of the codes may vary between countries and customs authorities. This database contains comprehensive information on Most- Favoured-Nation (MFN) applied and bound tariffs at the standard codes of the Harmonized System (HS) for all WTO Members. Schedule B number and the foreign country’s version of the HS code for your product during the export process.
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