Importance and usage of hs code in the import-export industry
For more than 33 years, HS Codes have been a part of Global Trade Data. HS Codes are therefore necessary before starting an import-export business in any nation in order to successfully trade goods abroad. First of all, HS Codes denote a harmonised system. It was established by the World Customs Organisation in 1988 to create channels for coordinating customs and trade projects. These codes are generally accepted for usage in the more than 200 nations that participate in the international trade of products. Thus, Kenya Trade Data provides a brief explanation of what Kenya customs tariff book are and the significance of the harmonised system. This manual will assist new importers and exporters in the global markets who export in accordance with the standards for HS commodity groupings. Introduction to the Harmonized Coding System (HS Codes) The phrase “harmonised commodity description and coding system,” or “HS,” is used to describe the system of naming and numbering things that are t