Harmonized System (HS) Codes

The Harmonized System is a standardized ............................. of classifying traded products.

• alphabetical method

• qualitative method

• numerical method

The HS is administrated by the ...................... and is updated every five years

• WTO

• WCO

• ITC

• UNCTAD

The HS assigns specific ..................codes for varying classifications and commodities. Countries are allowed to add longer codes to the first six digits for further classification.

• six-digit

• seven-digit

• eight-digit

The United States uses a .............. code to classify products for export, known as a Schedule B number, with the first six digits being the HS number.

• 8-digit

• 9-digit

• 10-digit

How may chapters are there in

ITC HS CODE List and India Harmonised System Product classification codes.

• 95

• 96

• 97

• 98

HS Classification of Chapter 1 belongs to .....................

• Meat and Edible Meat Offal

• Fish and Crustaceans, Molluscs and other Aquatic Invertebrates

• Live Animals

• Birds'' Eggs; Natural Honey; Edible Products of Animal Origin, not elsewhere specified or included

You will need both the U.S. Schedule B number and the foreign country’s version of the HS code for your product during the export process. You use it to

• Classify physical goods for shipment to a foreign country and conduct market research and obtain trade statistics

• Report shipments in the Automated Export System (AES) when the value is more than $2,500, or the item requires a license.

• Complete required shipping documentation such as shipper’s letter of instructions, commercial invoice or certificate of origin

• Determine import tariff (duty) rates and figure out if a product qualifies for a preferential tariff under a free trade agreement

• All the above

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 ............. member countries.

• 150

• 200

• 250

Schedule I of the ITC-HS code is divided into ...... sections and each section is further divided into chapters.

• 19

• 20

• 21

• 22

Any changes or formulation or addition of new codes in ITC-HS Codes are carried out by ............................ Commodity description, weeding out of defunct codes, addition of new codes, change of product description etc., are taken up periodically as a part of the ongoing process towards perfection.

• DGFT

• ECGC

• EXIM bank

• ITPO