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The process of assigning HS codes is known as "HS Classification". All products can be classified in the HS by using the General Rules for the Interpretation of the Harmonized System ("GRI") that must be applied in strict order. HS codes can be determined by a variety of factors including a product's composition, its form and its function.
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Different sources of trade data may provide more or less complete data coverage, and more or less detail: reported vs. mirrored: One key distinction in trade data is between the reporting country (the country that provides data) and the partner country (the country listed as an export partner or import partner in the data provided by a reporting country).
PIERS provides quantitative data pertaining to commodity details, [4] including SIC and HS Codes, tonnage shipped, twenty-foot equivalent units (TEUs), and estimated values, as well as qualitative profiles on companies that import and export. [5]
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The primary industrial products that were offered by HS included metering and specialty pumps, rotary screw air and gas compressors, pneumatic tools, dryers and filters, high-speed centrifugal pumps, integrally geared compressors, and sealless pumps. Four separate companies that made up the industrial division of Hamilton Sundstrand were:
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The basic web browser version of the system is supported by the OEM sponsor's group and provided free of charge to suppliers in the automotive supply chain. [ 5 ] There are several vendors that provide systems allowing compatible IMDS interaction with product lifecycle management , download and upload, data format translation, and other ...