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of <h1>India Adopts Harmonised System for Customs Duties, Ensures Uniformity in Goods Classification and Tariff Rates</h1> Customs duties apply to the import and export of goods, with rates varying based on a classification system that groups goods into categories like chemicals, metals, and textiles. This system, known as the nomenclature, is used to determine tariffs, which are detailed in a country's Tariff Schedule. The Harmonised Commodity Description and Coding System (HS), developed by the World Customs Organisation, is the international standard adopted by India. The classification process involves rules and guidelines to ensure uniformity and accuracy, with periodic updates to reflect technological and trade changes. The Central Board of Excise and Customs (CBEC) provides guidance to maintain consistency in classification.
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