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. Here’s present the definition of HS Code, check out now: The Hs Codes 01 to 98 or harmonized system code is 6 digits standardized system used for classifying traded items worldwide. The group of HS code is also called as an hs classification code list . The entire list is passed down by customs authorities all around the world to analyze tax rates and duty for particular kinds of goods. Some facts that you have to know about it: HS code governs by WCO (World Customs Organization). 98% of world trade runs by this code. Countries have used this code because it is a worldwide organization tool. And every country has right to add so...