Harmonized System (HS) Codes Services
Harmonized System (HS) Codes, often referred to as Harmonized Commodity Description and Coding System, is an international standard of labeling products for global trade. Managed by the World Customs Organization (WCO), it now accounts for over 200 countries. The system comprises 21 sections, divided into 97 chapters, in which products are organized in a logical order of complexity and degree of manufacture.
Thanks to the HS Codes, it is possible to estimate the landed cost of the imported products as well as easily find potential countries for export. The work with the codes makes international cooperation easy, since no translation is required for the companies that have foreign suppliers.
An exporter or importer is held accountable for the correctness of the code assigned. In case of misuse, wrong classification can cause delivery delays, non-compliance penalties, or even confiscation. This is due to the possible deviations and multiple options by which a product can be classified. For this reason, we make sure to comply with all possible regulations to deliver all necessary packaging on time. Otherwise, the smallest delay results in the asset dysfunctioning, production stop, and financial loss.
To make sure the parcel is delivered without any delays, we make sure to provide customs with timely and accurate data. Therefore, we do the following:
- Provide a description of the items that cross the border
- Assign HS codes to the items
- Verify and spot-check the existing codes
HS Codes are part of a lengthy process of Material Management. If every stage of inventory organization is performed with 100% accuracy, the continuous optimization as a result of easy navigation approaches all the benefits of Machine Learning. Having been in the industry for about a decade, the team at Keel Solution will take care of your shipping paperwork fast and effectively.
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