The Harmonized Commodity Description and Coding System (HS) of tariff nomenclature is an internationally standardized system of names and numbers for classifying traded products developed and maintained by the World Customs Organization (WCO) (formerly the Customs Co-operation Council), an independent intergovernmental organization with over 170 member countries based in Brussels, Belgium.
The HS is a six-digit nomenclature. The first four digits are referred to as the heading. The first six digits are known as a subheading. Countries that have adopted the Harmonized System are not permitted to alter in any way the descriptions associated to a heading or a subheading nor can the numerical codes at the four or six digit level be altered. This is what keeps the Harmonized System harmonized.
Individual countries may extend a Harmonized System number to eight or ten digits for customs purposes, and to eight or ten digits for export purposes. More than 200 countries, customs and economic unions, representing more than 98% of world trade, use the HS as a basis for:
Collection of international trade statistics
Rules of origin
Collection of internal taxes
Trade negotiations (e.g., the World Trade Organization schedules of tariff concessions)
Transport tariffs and statistics
Monitoring of controlled goods (e.g., wastes, narcotics, chemical weapons, ozone layer depleting substances, endangered species)
Areas of Customs controls and procedures, including risk assessment, information technology and compliance.
Codes have been revised through the years. So if it's necessary to reference a code related to a trade issue from even a few years ago, one has to make sure the definition set being used matches the code.
What is HS code of car dvd player?
HS code of car dvd player is 8521901290
What is HS code of parking sensor?
HS code of parking sensor is 8526151090