The HSN code refers to the Harmonised System of Nomenclature. This is a six-digit code that categorises different items. HSN codes have long been used by manufacturers, importers, and exporters. The HSN code is divided into 21 pieces. These are broken down into 99 chapters, each with 1244 sections.
The Harmonized System is a standardised numerical classification system for traded goods. It is used by customs officials all over the world to identify products and collect statistics when assessing duties and taxes.
India and a few other countries utilise eight-digit numbers for deeper classification in order to better identify commodities. For example, the HSN code for ferro-phosphorus under other ferro-alloy items is 72.02. 99.11.
SAC is for Service Accounting Code and HSN refers for Harmonized System Nomenclature. The World Customs Organization created an internationally accepted system for commodity description and product name (WCO). It was established in the year 1988.
The World Customs Organization developed the Harmonized System Nomenclature code number, which is an internationally accepted commodity description and coding system (WCO). Over 200 countries use the HSN code as the foundation for their customs tariffs.
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