What is HS Code Meaning? Where to Find HS Code?

HS (Harmonized System) Code is used to define a product in business. It contains internationally standardized numbers and names to classify each and every category of commodities. HS Codes are also known as tariff codes and are mandatory for both domestic and international import export business. What is HS Code? What is the structure of harmonized tariff code?  How to find harmonized code of a product? Where to find HS code of all products? Find answers of questions related to HS Code right here.

  

What is the Structure of HS Code?

Under Harmonized System, a code is given to all goods that are traded domestically and internationally. These products are listed into 21 Sections and 99 Chapters. In countries like India and Brazil HS Code up to 8-digit level is used, while there are few countries such as USA and Russia in which HS Code up to 10-digit level is used for product classification.

If we see structure of HS Code in India, the first two digits define a Chapter. The next two digits define the Heading. The third two digits define the HS Sub-Heading. And the last two digits define the Tariff Item Level. Let’s understand HS Code from the example given below:

How HS Code is Called in Various Countries?

Although HS Code is called with different names in various countries, but its main and only purpose is to define a product in business. So, let’s check out the names of HS Code that are used in different countries and find HS Code of all products in different countries.

NCM Code in Brazil

HS Code is called as NCM (Nomenclatura Comum do Mercosul in Brazil to classify a product in business. It is used up to 8-digit level for not only buying or selling goods domestically but trading commodities internationally. Search NCM Code in Brazil of your product with product description in both English and Brazilian language right here http://www.exportgenius.in/hs-code/brazil.  

HS Code in China

China uses HS Code up to 8-digit level; however some products are classified up to 10-digit level as well. In China, HS Code is also called as Customs Tariff Code. Know HS Code of your product in English and Chinese language by clicking on the link given here http://www.exportgenius.in/hs-code/china.   

HSN Code in India

What is HSN Code? In India, HS Code is named as HSN (Harmonized System of Nomenclature) to categorize a product. It is used up to 8-digit level in a business. Find HSN Code list right at http://www.exportgenius.in/hs-code/india and get correct HS Code of your product.

BTKI Code in Indonesia

Indonesia uses BTKI (Buku Tarif Kepabeanan Indonesia) Code up to 8-digit level to classify a product in business. Get correct BTKI Code of your product both in English and Indonesian language right through http://www.exportgenius.in/hs-code/indonesia.  

HS Code in Russia

Russia uses Harmonized System Code up to 10-digit level for better classifying a product with greater specification. In this country, HS Code is also known as Tariff Code. Search for HS Code list of Russia with product description in both English and Russian language right at http://www.exportgenius.in/hs-code/russia.

HS Code in South Korea

South Korea also uses HS Code to define a product and up to 10-digit level. HS Code is also termed as Tariff Schedule in this country. So, look for HS Code of your product in English and Korean language right at http://www.exportgenius.in/hs-code/south-korea.  

HTS Number in USA

The United States of America takes HS as Harmonized Tariff Schedule. It uses the code up to 10-digit level for classifying a product in business with better specification. Find HTS Code in US of your product right through http://www.exportgenius.in/hs-code/usa.  

CTC(Custom Tariff Code) in Vietnam

In Vietnam, HS Code is called as Custom Tariff Code. It uses CTC up to 8-digit level. Are you looking for CTC of your product? Simply, visit at http://www.exportgenius.in/hs-code/vietnam and enter product description in the search box. Also, select a chapter for better specification of a product.

Why is HS Code Important?

HS Codes are used to categorize a product in both domestic and international business. In import export activities, HS Code is important for companies and government. How? Let’s find out right away!

• Companies: Importers and exporters use HS Code to pay custom duty levied on their products and file customs-based documents such as Shipping Bill, Bill of Lading, etc. By knowing correct HS Code of their product, they can avoid paying fines, having delayed consignments and coping up with increased inspections. Also, buyers and suppliers can avail various government benefits and schemes on import and export such as Duty Drawback, etc.  
• Government: As far as government is concerned, customs officials and government representatives can uniformly identify imported and exported products so that they can easily levied purposed tax & duty. Also, government agencies can collect statistical information with the help of HS Code and use the correct HS number in global trade negotiations and enforcement of national laws & international treaties.  

How to Find Correct HS Code of Your Product?

Export Genius HS Code finder is the best option for finding correct HS Code of a product. Whether you are looking for HSN Code search tool to find HS Code of a product in India or HTS codes 2017 in US or HS Code of a product in any other country; follow the steps to find correct HS Code of your product.

Step 1 – Open Homepage (http://www.exportgenius.in/) -> Click on HS Code 2017

Step 2 – Select a Country and Click  (http://www.exportgenius.in/hs-code)

Step 3 – Search HS Code Chapter-wise or Enter Product Description in the Search Bar

Know Unknown Historical Facts about HS Code

•          HS Code is developed and maintained by the World Customs Organization (WCO) and it came into effect in 1988.
•         Since inception, 5 revisions of HS Code have been taken place and currently, 2017 revision is being used worldwide.
•          Among 99 Chapters, Chapter 77 is reserved for future use of classifying any new product and Chapter 99 is for commodities not elsewhere specified.

For any query on HS Code, feel free to contact us via info@exportgenius.in. 

How GST will Impact the Import Export Business

Amid chaos among importers, exporters, traders and manufacturers on how tax will be charged & collected under new tax system; GST (Goods and Services Tax) is just few days away to kick off. From 1^st July 2017, the existing taxes on trading of goods and services will be subsumed under new law of tax collection.

Let’s take a look on impact of GST through some important Questions and  Answers on GST for exports and imports.

What is Goods and Services Tax (GST)?

GST is a destination based tax, levied on the consumption of goods and services. The tax will be collected at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In short, only value addition will be taxed and its burden will be borne by the final consumer.

What Destination based Tax on Consumption Exactly Means?

According to Indian Government notification, “the tax would accrue to the taxing authority which has jurisdiction over the place of consumption which is also termed as place of supply.”

What are CGST, SGST and IGST?

CGST or Central GST covers the areas where Central Government has the powers to impose and collect the tax, while SGST or State GST covers the areas where State Government has the powers to impose and collect the tax.

IGST or Integrated GST is for movement of goods within the states of the Indian union. The tax will be levied and collected by the Union, but it will be transferred over to the states.

Which Existing Taxes are proposed to be subsumed under GST?

The GST would replace the following taxes:

Taxes currently levied and collected by the Centre:

• Central Excise Duty
• Excise Duties on Medicinal and Toilet Preparations
• Additional Excise Duties on Goods of Special Importance
• Additional Excise Duties on Textiles and Textile Products
• Additional Customs Duties (commonly known as CVD)
• Special Additional Duty of Customs (SAD)
• Service Tax
• Central Surcharges and Cesses so far as they relate to supply of goods & services

State taxes would be subsumed under GST:

• State VAT
• Central Sales Tax
• Luxury Tax
• Entry Tax (all forms)
• Entertainment and Amusement Tax (except when levied by the local bodies)
• Advertisement Tax
• Purchase Tax
• Taxes on Lotteries, Betting & Gambling

How would the Import Export of Goods/Services be treated under GST?

In the course of import and export, supply of goods and services would be taken as Inter-State trade or commerce under GST. It comes under Integrated Goods and Services Tax (IGST) under which tax would be levied on the supply of goods and services in the course of inter-state trade or commerce.

What are the Tax Structure and ITC in the case of Imports?

Import of goods and services would be considered as the inter-state supply of goods and subjected to charge tax under IGST. In addition to IGST, Basic Customs Duty (BCD) would be levied as usual on the import of goods. That means manufacturer, trader and service provider who imports goods and services shall be eligible to offset IGST paid on import of goods and services against output liability. But, the credit of BCD would not be available under proposed law of GST.

What are the Tax Structure and ITC in the case of Exports?

Under GST, no tax would be charged on goods and services exported from India. That means exports would be treated as zero rated supplies. However, credit of input tax will be available as refund to the exporters of India.

Data of Russia Imports and Exports 2016

Russia relished trade surplus in 2016 as the volume of total exports was higher than volume of total imports. The country recorded USD 103229396000 of trade balance in last year. According to the data of Russia imports and exports 2016, machinery stood as the largest imported and mineral fuel stood as the largest exported product. Let’s have a wider outlook of Russia trade.

Trade Balance Data of Russia 2016

Data of Russia Imports 2016

Russia ranked 24 in total imports during 2016, stood on top in the Commonwealth of Independent States (CIS) countries. As per a report on data of Russia imports, the county has been recording a sharp decline in import value of total commodities since 2012.

Top 5 Import Commodities: Russia imported products of chapter 84 the most in 2016. Plant or laboratory equipment was the largest importing product. Here is the chapter-wise Russia import data of top 5 commodities.

5 Largest Import Partners: Who was the largest import partner of Russia in 2016? Well, it was China, from whom Russia imported products the most in last year. If we look at the data of Russia imports 2016, we understand the following facts and figures.

• China (20.9%)
• Germany (10.7%)
• United States of America (6.1%)
• Belarus (5.2%)
• France (4.7%)

Sample: As information is one of the effective tools for business growth, so getting import data of Russia from a reliable intelligence source is required to understand the market and export products into this CIS country. Here is a sample for you to understand which columns are covered in import customs data of Russia. 

Date of Registration	01-03-2016
Declaration Number	10404080/010316/0001898
Russian Importer Name	OOO “DSM Nutrishnl Products, RUS”
Importer Address	423888, Republic of Tatarstan, S. Shilnebash, Ul. Production 16
Name of Exporter	DSM Nutritional Products Ltd
Exporter Address	4303, Kaiseraugst, Wurmisweg 576
Name of the Manufacturer	Brother Enterprises Group
HS Code	2914700000
Product Description	Rovimiks K3 Mnb / Rovimix K3 Mnb – Contents Menadione (Vitamin K3) At Least 43% Nicotinamide Not Less Than 30.5%, 26.5% - Impurities
Recipient Region	Republic of Tatarstan
Currency Code	RUB
Origin Country	China
Destination Country	Russia
Point of Delivery of Goods	Shilnebash
Cargo Release Date	03-03-2016
Gross Weight (KG)	1090
Net Weight (KG)	1000
Customs Value (RUB)	828500
Statistical Value of the Goods (USD)	10915.76
Customs Payments (USD)	2905.32
Customs Payments (RUR)	220511.5

Data of Russia Exports 2016

Russia ranked 15 in total exports during 2016, left other CIS countries behind. The data of Russia exports shows that the country has been recording a decrease in the export value of total products, but enjoying trade surplus.

Top 5 Export Commodities: Russia supplied mineral fuels the most in 2016. According to the data of Russia exports 2016, the country’s largest export commodity in the last year was crude petroleum oil. Here is the chapter-wise Russia export data of 5 top commodities.

5 Largest Export Partners: Netherlands stood as the largest export partner of Russia in 2016. According to a report on data of Russia exports 2016, following information is revealed.

• Netherlands (10.2%)
• China (9.8%)
• Germany (7.4%)
• Belarus (4.9%)
• Turkey (4.8%)

Sample: If you want to import any of the commodities from Russia, do keep yourself updated with the market first. Export data of Russia will provide you details of potential Russian exporters from whom you can buy the commodities. Here is a sample for you to understand which columns are covered in the export customs data of Russia. 

Date of Registration	01-04-2016
Declaration Number	10408040/010416/0009224
Russian Exporter Name	OJSC "Volga"
Exporter Address	606407, Nizhny Novgorod region., Balakhna district, G.BALAHNA, Gorkogo, E.1
Name of Importer	JSC "Poligrafsnab"
Importer Address	1113 Sofia, Ul.Tintyava, 100
Name of the Manufacturer	OJSC "Volga"
HS Code	4801000000
Product Description	Newsprint, uncoated paper with a content of 100% wood fibres obtained by mechanical means, not glued, Ground 1kv.m 45G, 52 rolls, the FT 84 CM Sheroh Memory Bendtsen ml / min 90; BM 8; GOST6445- 74 (STSEV1685-79)
Currency Code	EUR
Destination Country	Bulgaria
Point of Delivery of Goods	Balakhnev
Shipping Data of Issue	01-04-2016
Gross Weight (KG)	22018
Net Weight (KG)	21706
Statistical Value of the Goods (USD)	9793.52
Customs Payments (USD)	11.05
Customs Payments (RUR)	750

So, stay informed about Russian market to know various aspects of importing and exporting activities of this CIS country. Remember information is the real tool for business growth. Get the data of Russia imports and exports and take progressive decisions to beat the competition.

For Russia import export data reference, visit @ http://www.russiaexim.com/contact or send an email to info@exportgenius.in.

Read more topics below :

• Overview on Russia Export Data and Report
• A Research Report of Export Import of Russia

I-pad, Tablet and Laptop Import Data of Russia - Foreign Country-wise Analysis

Russia’s biggest import partner of I-pads, tablets and laptops during 1^st Jan to 31^st Mar 2016 was China. It shared whopping 91.4% value to Russia total imports of these electronic items. As per import data released by Export Genius, the country imported 1619199 pieces of laptop, I-pad and tablet from China in this period. Let’s have a foreign country-wise analysis of i-pad, tablet and laptop import data of Russia.

3 Largest Russia Import Partners of Laptops, I-pads & Tablets Recorded in Q1 of 2016

As we know China is the world’s largest producer of electronic products, Russia imported laptops, I-pads and tablets the most from China. Its share in value stood at 91.4% between 1^st Jan to 31^st Mar 2016. The country was followed by Vietnam and Taiwan (China). Check out the chart and table below to get complete Russia import statistics of these exporter countries of electronic items.

Foreign Country	Statistical Value in USD %	Quantity in Pieces	Statistical Value in USD
China	91.40%	1619199	282609055
Vietnam	5.42%	115610	16749045
Taiwan (China)	1.78%	15043	5504183

Russia import data of laptops, I-pads and tablets is must for business people who are into electronic industry and want to expand their trade into Russian market. Our report is authentic and helps buyers, suppliers and corporates in decision making process. In which format, we provide import data of Russia? See sample below.

Declaration Number	10005023/030116/0000160
Date of Registration GTD	01-03-16
The Direction of Movement	Them
Russian Importer Name	PJSC "Aeroflot-Russian Airlines"
Address of Importer	119002, Moscow, ul. Arbat 10
Foreign Supplier Name	Aeroflot Russian Airlines
Address of Supplier	10001, NY, New York, 358 Fifth Avenue Suite 1103
Contract Holder Name	PJSC "Aeroflot-Russian Airlines"
Address of Contract Holder	119002, Moscow, ul. Arbat 10
Declarant Name	PJSC "Aeroflot-Russian Airlines"
Address of Declarant	119002, Moscow, ul. Arbat 10
General Customs st-Th	27162693.12
Origin Country	United States
Code of Origin Country	USD
Destination Country	Russia
Code of Destination Country	RU
Point of Delivery of Goods	New York
Currency Contract Code	USD
Type of Transport	Air
Gross Weight (KG)	45
Net Weight (KG)	20.34
Customs Value RUB	27162693.12
The Statistical Value of the Goods USD	372449.34
Customs Payments USD	67349.4
Customs Payments RUR	4911784.76

These are only few important data fields for your reference. Import customs data of Russia is packed with wide-ranging details of every shipment, which enters into Russian ports via sea, air or road. For complete import picture of Russia, you need to buy the data from a trustworthy market research company.

Anything you want to know about this report on i-pad, tablet and laptop import data of Russia, simply fill up an enquiry form at www.russiaexim.com. Or reach us through e-mail at info@exportgenius.in. Remember we are the largest and trusted intelligence source of import export data, providing accurate trade picture of 50+ countries.

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