What is Trail Camera Harmonized System (HS) codes
What is Trail Camera Harmonized System (HS) codes
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What is Harmonized System (HS) codes
HS codes, accepted by the majority of nations around the world, are identification codes given to goods for use in international trade. The HS codes are administered by the World Customs Organization (WCO) and are internationally accepted for use by customs authorities and companies to identify goods.
Key features trail camera of HS codes:
Six digit code to classify the goods
Defined rules that classify the goods
Act as a uniform standard for classification of goods worldwide
Covers 98% of goods in international trade and over 5000 commodities
Why you need your HS codes
The correct HS code for your goods will be required for use in legal and commercial documents when undertaking trade.
Some examples of use are in sales contracts, bills of lading, letters of credit, and certificates of origin.
Some of these legal and commercial documents are needed when applying for trade finance.
HS codes are also used by customs authorities to apply tariffs and taxes to goods and keep track of imports and exports.
HS general rules
The WCO has a comprehensive classification system for HS codes. The goods will fall under a section and follow onto chapters, headings, and sub-headings, each step increasing in specificity.
There are 21 sections, 99 chapters, 1,244 headings, and 5,224 sub-headings.
The anatomy of an HS Code:
First two digits: Chapter
Second two digits: Heading
Final two digits: Sub-heading
Classifying your goods
Using the WCO Harmonized System webpage you can identify the HS code for your goods with their classification key.
Practical use of HS codes
You may have seen product codes that are longer than the 6 codes used in the HS. This is because different countries will have different additions to HS codes to convey important information about the good.
For most customs authorities, the first 6 codes of their goods classification will be the HS code, with any following digits based on their own coded system.
Example of HS codes use in international trade
The United States’ classification (Schedule B), has a total of 10 digits; the first 6 are the HS codes and the following 4 are decided by the US Census Bureau.
The US Department of Commerce advises that you need the HS code, the US Schedule B code, and the export destination country’s product code before you can export your goods successfully.