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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.
Class 44 Medical services; veterinary services; hygienic and beauty care for human beings or animals; agriculture, horticulture and forestry services Class 45 Legal services; security services for the physical protection of tangible property and individuals; personal and social services rendered by others to meet the needs of individuals
Standard International Trade Classification (SITC) is a classification of goods used to classify the exports and imports of a country to enable comparing different countries and years.
On November 20, 1972, the Bataan Export Processing Zone (BEPZ) (later Freeport Area of Bataan (FAB) since October 23, 2009, with the name was concurrently used with the BEPZ/Bataan Economic Zone (BEZ) names as the zone's secondary name when Authority of the Freeport Area of Bataan (AFAB) partially operated and managed the zone along with PEZA ...
On February 12, 1998, its area of operation was expanded and its name accordingly changed to Trade and Investment Development Corporation of the Philippines by Republic Act No. 8494. It was re-titled again through an Executive Order 85 on March 18, 2002, to Philippine Export-Import Credit Agency (PhilEXIM).
The United Nations Standard Products and Services Code (UNSPSC) is a taxonomy of products and services for use in eCommerce. It is a four-level hierarchy coded as an eight-digit number, with an optional fifth level adding two more digits.
Risk of loss caused by difference in classification — Firstly, the proper classification of your item is essential to determine any licensing requirements under the Export Administration Regulations (EAR), EU Dual Use Regulation 428/2009. And subsequently exporters and importers need to be aware of how to classify the products accordingly and ...
The economies of the ASEAN countries are largely export-driven, maintaining high export-to-GDP ratios (in 2007, Malaysia had a ratio of over 100% [10]). [11] Considering this, as well as the global financial crisis and India's expansive domestic market, the ASEAN countries will look eagerly towards India as a home for its exports. [11]