10 May 2016

What is HS Code? What it’s significance in pharma export?

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Tagssignificance of hs code in pharma export, What is HS code in pharma export, What is HS Code?

Pharma professionals comes across HS Code when handling export activities. While exporting or importing, they need to fernish the hs code details.

The Harmonized Commodity Description and Coding System generally referred to as “Harmonized System” or simply “HS” is a multipurpose international product nomenclature developed by the World Customs Organization (WCO).

It is also known as HTS which means Harmonized Tariff Schedule code. HS code description and coding System was created by the World Customs Organization (WCO) to categorize goods into approximately 5,000 commodity groups, which is accepted and implementing by more than 200 countries worldwide. Over 98 % of the merchandise in international trade is classified in terms of the HS.

The HS contributes to the harmonization of Customs and trade procedures, and the non-documentary trade data interchange in connection with such procedures, thus reducing the costs related to international trade.

3001 glands etc dry & ext, heparin, hum etc

300110 Glands and Other Organs (Dried)
300120 Extracts of Glands or Other Organs or of Their Secretions
300190 Heparin, Its Salt, Other Animal Substances Prepared for Therapeutic Uses

3002 human blood, animal blood, antisera, vaccines etc

300210 Antisera and Other Blood Fractions
300220 Vaccines for Human Medicine
300231 Vaccines Against Foot and Mouth Disease
300239 Other Vaccines for Veterinary Medicine
300290 Human Blood, Animal Blood, Toxins, Microbial Culture, Similar Products

3003 medicaments of mixtures, not dosage etc

300310 Medicaments Containing Penicillines or Streptomycins or Their Derivatives
300320 Medicaments Containing Other Antibiotics
300331 Medicaments Containing Insulin
300339 Medicaments Containing Other Hormones
300340 Medicaments Containing Alkaloids or Derivatives Thereof
300390 Other Medicaments

3004 medicaments, mixed or not, in dosage etc

300410 Medicaments Containing Penicillines or Streptonycins (Put up in Packings)
300420 Medicaments Containing Other Antibiotics (Put up in Packings for Retail Sale
300431 Medicaments Containing Insulin (Put up in Packings for Retail Sale)
300432 Medicaments Containing Adrenal Cortex Hormones (Put up in Packings)
300439 Medicaments Containing Other Hormones (Put up in Packings for Retail Sale)
300440 Medicaments Containing Alkaloids or Derivatives Thereof (Put up in Packings)
300450 Medicaments Containing Vitamins or Other Products(Put up in Packings)
300490 Other Medicaments (Put up in Packings for Retail Sale)

3005 bandages etc coated etc or in retail medic