Why is HS code important?

Customs officials would have to spend a lot of time reading product descriptions and categorising them if there were no HS codes. Applying tariffs, taxes, licensing, or restrictions will be challenging in light of this. Importers and exporters from all around the world would be able to identify their items precisely with the help of HS codes. This will guarantee that the proper tariffs, taxes, licences, and limits are adjusted to ensure smooth processing of the shipment.

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