In
almost every country, exporters completely rely on the services of shipping as
well as clearing agents to manage logistics and paperwork. At the same time,
importers may use of agents to handle the responsibilities. However, when
exporters and/or importers completely depend on agents to choose HS codes for
their products, they're at fear of giving for someone else's errors. Wrong harmonized
codes can take an importer settling higher duty than necessary by law. Moreover,
it also affects good will of exporters and importers.
It
is not just the mistake of agents in creating the Harmonized Code mistakes. Importers
or exporters also make mistakes due to insufficient awareness of the HS coding
system or lack of understanding of more Explanatory Statements. Such mistakes
also happen in E-commerce environments where shipping is managed by staff unknown
with aspects of the harmonized code. Estimation can end up in financial penalties
or even shipments being refused entry into the location of import.
The
Indian HS Code List is
complex and for people who are new into export business, it is hard to
understand. Cross border businesses can select a printed copy of the schedule
and linked publications, but this select may leave them open to human error.
The option of an online service offers country and area specific schedules, trade
data duty rates, and entry to Explanatory Statements.
A straightforward, low cost yearly contribution
is all it takes to find the right HS code for a definite product. E-commerce websites
do not necessary to take up specialists with knowledge of Harmonized Code nor perform
exporters or importers, since all important information can be availed at the
click of a mouse, offered as a stand-alone web service or mix up into present ERP/CRM/GTM
structures. Mixing into SAP, Oracle GTM, JDA, Microsoft Dynamics, Sales Force
and Ariba platforms make sure for trustworthy, automated coding code task.
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