What is HS Code? A Simple Guide with an Example for EXIM Beginners
If you deal with international trade, even on a small scale, you’ve probably come across the term HS Code. But what is HS Code exactly, and why is everyone in the EXIM world always stressing about it? To put it simply, think of the HS Code as a global passport for products. Just like a passport helps identify who you are, an HS (Harmonized System) Code identifies what your product is. So, What Exactly Is an HS Code? An HS Code is a universal, standardized 6-digit number used to classify...