Understanding the Harmonized System (HS) for your import-export China Business
A growing number of foreign companies is looking to start or increase their import-export business in China. Classifying and declaring goods accurately according to China’s version of the Harmonized System (HS) is a key component of a successful operation.
In the past few years, international companies have had to pay more attention to the classification of their products in China to avoid criminal or civil penalties. The misclassification of goods can turn out to be a very costly mistake.
The HS Code is widely used in every international trade process. As an importer or exporter, it is necessary to fully understand and make proper use of it.