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 (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 S...