Harmonized System

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Harmonized System

A nomenclature system for goods and services that countries import and export. The Harmonized System assigns numeric codes to goods and services. Participating countries are required to use this code when describing their tariff schedules. Nearly all international trade occurs under the Harmonized System. It was developed by the World Customs Organization.
References in periodicals archive ?
Following the second revision, the number of tariff lines of most member countries in their Sensitive Lists range from 12 percent to 16 percent of the total number of tariff lines in the Harmonized Code (HC).
0 Note: (a) Harmonized code, disaggregated into position (digit 4); (b) values expressed in millions of US dollars.
Harmonized code list is basically a collection of these codes listed under various sections including vegetable products, vehicles, aircrafts, animal products, mineral products, ammunition etc.
The good (and bad) news about having a harmonized code such as FSANZ is that a product, which is compliant and already selling in one market, will automatically comply with the other market.
Import duties on commercial fishing equipment range from 0% to15% of the CIF value and some items can be imported duty free as per the aforementioned product list by Harmonized Code.
1% annual growth rate, as ranked by harmonized code.
The disc is supported by a powerful search engine that allows users to search by company name, product or brand name, harmonized code, SIC code, location, postal code, area code, industry, profile, or other details.

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