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Posted By: Davendra Pandey

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The harmonized system, or sometimes known as the harmonized commodity description and coding system, is a global classification system planned to serve the collection of trade data as well as to support in the set of tariffs and customs duties. From last many years, single countries used their personal systems for differentiate goods and services. Without a common standard, it was hard or impossible to classify properly merchandise for assembling tariffs, customs duties, or even reporting purposes. To resolve this difficulty, the World Customs Organization (WCO) created the harmonized system. In this method, the nation describes all products with the help of a standardized six-digit harmonized system (HS) code. The exclusive six-digit number classifies products through the chapter, heading, or even subheading. The HS classification of India mixed code summary is harmonized and managed by the (DGFT India) Director General of Foreign Trade. The complete coding structure has been designed in India for export import process. It is an eight digit policy that has been prepared at standard with the extensive coding structure to go with the importance of the complete trading collecting of the country.

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