Harmonised System Nomenclature 2017 for imports / exports will be effective from January 1, 2017
The Central Board of Excise and Customs (“CBEC”) has stated that the amendments notified in Section 141 and 146 of the Finance Act 2016 regarding the changes from the WCO Harmonized System Nomenclature (“HSN”) 2012 version to the 2017 version are to be implemented with effect from January 1, 2017 which include 233 sets of amendments, divided as follows:
Agricultural sector 85; Chemical sector 45; Wood sector 13; Textile sector 15; Base metal sector 6; Machinery sector 25; Transport sector 18; Other sectors 26.
Therefore, CBEC has requested all the Importers, Exporters and Custom House Agents to ensure that the classification of goods is in accordance with HSN 2017 while filing the Customs declarations for the goods to be imported or exported from January 1, 2017
Further, the Customs RES software providers are also requested to equip their RES packages in line with the HSN 2017 version for smooth implementation.
The details of the Finance Act 2016 and Table co-relating the 2017 version with 2012 version of Harmonized System are available in the following links: