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Showing posts from January, 2020

Easy Understanding of the Hs Code for Import Export Business

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 System of c

Export Data With Exporters Name

Export data  is generally a collection of records related to the commodities/goods exported from the country within a financial year. It is collected from the export invoices, shipping bills, etc filed in the customs department. The data gives valuable information regarding the exporters, ports, exported products, date of shipment, HS code , etc. The data helps the exporters to analysis their new market rivals, the demand for their products in the market, new markets for exported products, price analysis, customs duty analysis, etc. It provides a wider view of the market trends analysis for the exporters' community. The collected data serves as a time-saving tool for business owners. This guides the exporters in making progressive business strategies. The export data opens the gate for smooth commerce in the market place. Export data with exporters name   is an important data field. Ithelps in identifying the new suppliers for the respective exported product. This broade