HSN

HSN, or Harmonized System of Nomenclature, is an internationally standardized system for classifying traded products. It assigns unique codes to different goods, making it easier for countries to track, categorize, and regulate imports and exports. Think of it as a detailed labeling system that helps governments, businesses, and customs authorities understand what products are being shipped, ensure proper tariffs are applied, and facilitate international trade. It covers virtually every type of product, from electronics to textiles, promoting consistency and efficiency in global commerce.