The Harmonised System or Harmonised Commodity Description and Coding System (HS Code) is an international standardised system of names and numbers for the classification of commodities of the tariff nomenclature in which articles are grouped largely according to the nature of the materials. A HS Code is used as a basis for the customs tariffs and for the collection of international trade statistics based on a 6-digit nomenclature and individual countries have extended this to 10 digits for import and 8 for export. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO) with over 200 member countries. (Refer to the Tariff Code)
Related Definitions in the Project: The Logistics Management; Procurement
