Classification of Goods

The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO) (formerly the Customs Co-operation Council), an independent intergovernmental organization based in Brussels, Belgium, with over 200 member country.

All existing products can be classified into the existing HS system by using the General Rules of Interpretation. Product codes can be determined according to their form and function.

Classification of imported/export goods is governed by the Indian Customs Tariff Act, 1975.

In the present Self-Assessment regime, accurate Classification of the imported goods is of utmost important. Misclassification can result in adjudication of the goods, thus exposing importer to lot of regulatory complications.

Classification is the centre point of compliance and at times disputes arises with respect to interpretation of classification.

K-Pac with it’s vast experience offers adequate support to Importers and Exporter for resolving disputes, doubts.

With availability of data base we provide Advisory accurate classification prior to import in order to avoid disputes later on.