HS Codes in China: A Guide for Investors and Traders
HS codes in China are vital for customs, compliance, and trade. They are used to classify goods accurately and avoid costly errors.
China's classification differs from other jurisdictions, and errors can result in incorrect tariffs, customs delays, regulatory issues, or penalties. The HS code also dictates import restrictions and licensing requirements, making accurate classification essential for smooth and compliant trade.
Internationally traded goods are classified using a system of six-digit commodity codes, also known as
"Harmonized System" (HS) codes. This system of coding is administered by the World Customs Organization (WCO) and revised approximately every five years.
The most recent 7th Edition,
HS 2022, came into effect on January 1, 2022, replacing the previous 2017 version. While the first six digits are harmonized globally, countries, including China, add further digits to suit national requirements.
Author's summary: Understanding HS codes is crucial for trade in China.