What is HS code Indonesia?

Published by Charlie Davidson on

What is HS code Indonesia?

Indonesia HS classification In Indonesia, this code known as a BTKI code (Buku Tarif Kepabeanan Indonesia). HS codes are categorized into twenty-one sections all around the world which are split into 99 chapters. Basically, HS commodity code is classified into 2 digits, 4 digits, and 8 digits.

Where can I find HS Code?

The HS code for your product will be listed on the commercial invoice a buyer receives with their order. It may be used to classify products upon export and to calculate applicable taxes and duties upon import.

What is export HS Code?

HS Code stands for Harmonised Systems Code and is a description and coding system developed by the World Customs Organization (WCO). It covers over 5,000 commodity groups, each identified by a six-digit code.

What is the import duty in Indonesia?

Duty rates in Indonesia vary from 0% to 40%, with the average duty rate at 10.89%. Some products can be imported free of duty (e.g. books, laptops, and other electronic products). VAT is levied on imports at a standard rate of 10%, or at a reduced rate between 0% and 5% calculated on the sum of the CIF value and duty.

How can I import to Indonesia?

Businesses importing into Indonesia must provide the following documents:

  1. Commercial invoice, signed by the manufacturer or supplier as true and correct;
  2. Bill of lading, in three endorsed originals and four non-negotiable copies;
  3. Certificate of insurance;
  4. Packing list;
  5. NIB/import permit; and.
  6. Customs import declaration.

How is import price calculated?

  1. Step 1: Convert all foreign currencies into your local currency (taking into account your actual exchange rates that will be secured when making International T/T payments).
  2. Step 2: Add all local import costs and charges from the freight forwarder, in this example $1500:
  3. Step 3 – Calculate Import Duty Charges.

How do you define HS Code?

The Harmonized Commodity Description and Coding System (HS code) of the tariff nomenclature is an international standardised system of names and numbers for the classification of commodities. The HS code system is based on a 6-digit nomenclature.

How big is the HS code in Indonesia?

In Indonesia, this code known as a BTKI code (Buku Tarif Kepabeanan Indonesia). HS codes are categorized into twenty-one sections all around the world which are split into 99 chapters. Basically, HS commodity code is classified into 2 digits, 4 digits, and 8 digits.

What is the Harmonized System code in Indonesia?

Well, it stands on Harmonized System Code that is used to classify a product in import export business. This code includes internationally HS numbers and standardized names for defining every category of the products. In Indonesia, this code known as a BTKI code (Buku Tarif Kepabeanan Indonesia).

What is the customs tariff code in Indonesia?

In Indonesia, this code known as a BTKI code (Buku Tarif Kepabeanan Indonesia). HS codes are categorized into twenty-one sections all around the world which are split into 99 chapters. Basically, HS commodity code is classified into 2 digits, 4 digits, and 8 digits. This arrangement of numbers is useful in figuring out customs tariff code

What are the sections of the HS code?

Chapter (44 to 46) Section IX – Wood and Articles of Wood; Wood Charcoal; cork and articles or cork; Manufactures of Straw, of Esparto or of other Plaiting Materials; Basketware and Wickerwork Chapter Description

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