Export-Import: What is HSN Code in international trade and how to add it to GST portal

Export-Import: What is HSN Code in international trade and how to add it to GST portal

HSN or Harmonized System of Nomenclature is an internationally recognized system of classifying and identifying products traded in domestic and international markets

HSN or Harmonized System of Nomenclature is an internationally recognized system of classifying and identifying products traded in domestic and international markets

Developed by the World Customs Organization (WCO) to create a standardized method for categorizing goods and facilitating international trade

Developed by the World Customs Organization (WCO) to create a standardized method for categorizing goods and facilitating international trade

It is a numerical code assigned to each product or commodity and consists of a six-digit code, although some countries may use additional digits for more detailed classification

It is a numerical code assigned to each product or commodity and consists of a six-digit code, although some countries may use additional digits for more detailed classification

In India, the eight-digit HSN codes are used to classify commodities for customs and central excise adds two more digits to the six-digit code for better classification

In India, the eight-digit HSN codes are used to classify commodities for customs and central excise adds two more digits to the six-digit code for better classification

In order to add the HSN code to the GST portal, the user needs to log in to the GST portal

In order to add the HSN code to the GST portal, the user needs to log in to the GST portal

Visit Services > Registration > Amendment of Registration Non-core fields and click on the ‘Goods and Services’ tab

Visit Services > Registration > Amendment of Registration Non-core fields and click on the ‘Goods and Services’ tab

Click on the ‘Goods’ tab and look for your relevant HSN Chapter either through the HSN code or name of the product

Click on the ‘Goods’ tab and look for your relevant HSN Chapter either through the HSN code or name of the product

Click on ‘Save and continue’ and complete the verification

Click on ‘Save and continue’ and complete the verification

Submit the form through Digital Signature Certificate or Electronic Verification Code

Submit the form through Digital Signature Certificate or Electronic Verification Code

Images: Pexels

Images: Pexels