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Do you know what HS code is and why it is important for traders? In casual discussion, traders tend to use them to classify the traded products. It represents the classification of goods. While it’s not at all wrong to try them, but it is crucial to recognize this code. Because if not, your shipment could get into trouble and you could also.

With tonnes of products being traded in the market, it becomes hard for the traders to get product specific information. The World Customs Organisation (WCO) developed an internationally standardized system of names and codes to classify traded products by a tariff nomenclature known as the harmonized system code list (HS code).

The HS is organized logically as per the component's material. It is organized into 21 sections, which are further subdivided into 99 chapters. The 99 HS chapters are then subdivided into 1,244 headings and 5224 subheadings.

The HS code consists of minimum 6-10 digitals. The first two digits denote the HS chapter, the second two digits denote the HS heading and the third two digits the HS subheading. This code is almost the same for any product up to 6 digits in all the countries but it varies for the next 8 or 10 digits. 

In India, the HS code is better known as ITC HS codes i.e. Indian Trading Classification based on the Harmonized System of coding. Indian customs use 8 digits ITC HS codes as best suited to the national trade. It is divided into two schedules:

• ITC HS code schedule 1 describes guidelines for imports,
• ITC HS code schedule 2 describes guidelines for exports.

The Indian system of harmonized code is classified into 21sections with 99 chapters which are further divided into 1244 headings and 5224 subheadings. The changes regarding the addition or subtraction of any new code in the ITC HS Code Search is done by the Directorate General of Foreign Trade (DGFT).

Export Import Data Solutions is one of the most reliable export import data companies in India that offers import export data of India at a reasonable cost. We also provide Indian import data, export data India, customs data India, Indian trade data, and many more.

Trading business is one of the main ways to improve the economy of a country in the world. In present, each country does export import of products to get profit and improve the financial condition of the country. One mistake is sufficient to destroy any company’s entire business setup and growth that also affect the revenue of the company and country too. So it is crucial to have well-managed records and information to execute trading business successfully. Export Data is the best way for new as well as old businessmen as it gives them insight, confidential and important info for doing export trading with India smoothly.

You can get Indian Export Data on various online web portals of data bank providing companies. The best benefit of this data report is that it is accessible 24x7 online and can be accessed from any parts of the world that are the main thing for businessmen and traders in the world. Custom Exports data India keeps records of products/goods and services which are exported from India.

India Export Trade Data should be authentic and updated if you want to get real-time trade stats of India. It will keep companies informed regarding products which are exported by their competitors. This Exim data report helps to get idea about the business secrets of competitors like what they export, at what quantity, at what pricing, etc. Export data India is all about exporting movements of the country and included shipping records are based on actual export bills, shipping bills, bills of lading, etc.

What does exports data India contain?

• Exported product’s description
• Mode of Transportation
• Net weight
• HS code
• Brand with category
• Shipment Date
• Port of origin
• The amount along with the value
• Importing Country name

These are some of the main and confidential details that one will see after obtaining Export Shipment Data. Global and local exporters and importers can use these details for planning better strategies to beat competitors. It also helps agencies to search for new customers in India as well as knowing their needs in advance.

Export import data is the best tool of market analysis tool for international importers/suppliers that want to study the Indian import export business and looking for unlock growth opportunities in India as well. It has details of all the major Indian export ports which export products very often. If you are looking for Indian Export Data report, then consult the Export Import Data Solutions Company in India.

HS code is the Harmonized System (HS) of tariff nomenclature. It is a
standardized system of code that is used for export and import
products/goods internationally. It came into existence in the year 1988 and
has since been created and maintained by the World Customs Organization
(WCO), an independent intergovernmental organization with over 200
member countries. 

The HS code is organized logically as per the economic activity or
component material. This means classification as per different sections like
the vegetable products found in one section, mineral products in the other.
Henceforth, the HS is organized into 21 sections, which are subdivided into
98 chapters. The 98 HS chapters are further subdivided into 1244 headings
and 5224 subheadings. 

The code read for any product is the same up to 6 digits in all countries but
later varies from 8 to 10 digits. The first two digits designate the HS
Chapter. The second two digits designate the HS heading. The third two
digits designate the HS subheading. At present about 95% of the trade over
the world economies as done based on the HS code.

In India, they are well known as ITC (HS) code i.e. Indian trade
classification based on the harmonized system of coding. It was adopted in
India for export-import operations. Indian customs use 8 digits of ITC (HS)
code to suit the national trade requirements. The ITC (HS) code is divided
into 2 schedules; schedule1 ITC (HS) Import and schedule2 ITC (HS)
Export.

Export and Import data Solutions offers harmonized system based export
and import data for India. You can find the HS code of the desired product
of India and list of HS Codes chapter 01 to 98. Apart from HS code, Export
Import Data Solutions also provides import and export data India
Customs data India, export data of India, Indian import data, trade
data India etc.