When goods move across International frontiers, government agencies require the goods to be classified within a specified numeric code

Research and Markets have announced the addition of the '2002 Customs Classification Guide (Harmonised Systems) report to their offering.

(PRWEB) January 25, 2004 --When goods move across International frontiers, government agencies require the goods to be classified within a specified numeric code. The full name of this code is the Harmonised Commodity Description and Coding System - shortened to the HS System. It is organised by the World Customs Organisation, a sister body to the World Trade Organisation. The code provides the classifications of goods and is used by International customs to determine customs duty rates. The code is in use by the majority of the world's governments and customs administrations. Most National Governments use the first 6 digits of the HS code, with some governments using more digits in their customs-entry classifications. For example, the UK uses a minimum of 8.

The HS code is published in 97 chapters. Goods that are mined or grown are in the early chapters, with more complex manufactured goods having higher numbers. The code is numeric. It consists of 6 digits. The first two are chapter headings. For example, chapter 09 covers coffee and tea, chapter 87 covers motor vehicles and parts. The 2-digit chapter heading is coupled with another 2-digit to make the tariff heading - 8703 is Motor cars. The completing 2-digits further identify the Motor car as having an engine fuelled with petrol, 8703 -21 or diesel, 8703 -31.

This guide has been developed specifically for the Automotive and Transportation industries, although there are overlaps with other industries, which share similar product lines. It has been designed as a user-friendly introduction to assist those who need to classify automobiles and their constituting components. To assist further those involved in the compilation of customs classifications, the Guide has been produced with the parts sorted both alphabetically, by description, and numerically by chapter heading. Where possible, the full 6-digit HS code has been displayed.

For information concerning duty rates and customs classification at the individual country level, consult the Customs Databook - the partner publication to this volume. The Customs Databook covers the majority of duty conditions and categories operated by the various nations and trading blocs, with additional notes concerning other duties and tariffs levied in the territory.

For a complete index of this report click on http://www.researchandmarkets.com/reports/42795

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