Hsn full form: The HSN code full

The HSN code full form is Harmonized System of Nomenclature Code , as ascribed by the World Customs Organization (WCO). It is a globally recognized classification system for goods, widely used in taxation and trade to ensure uniformity in the classification of products. Under the GST regime, the Harmonized System of Nomenclature ( HSN ) code serves as a unique identifier for over 5,000 commodity groups, efficiently categorizing goods in a systematic manner. For example, the HSN code for cast iron pipes is 7303.0010. This code can be broken down as follows: HSN stands Harmonized System of Nomenclature . It is a multipurpose international product nomenclature. Each item that is traded globally is assigned a code. More than 200 countries and economies use the HSN code, which is a widely acknowledged system for categorising products worldwide. HSN Full form is the Harmonized System of Nomenclature . It’s a six-digit code that traders and exporters use to classify their goods based on their nature and value. The system was developed in 1988 by the World Customs Organization and is followed by over 200 countries.