Understanding HSN Codes in Iraq : A Comprehensive Guide

Introduction

The Harmonized System of Nomenclature (HSN) Codes, established by the World Customs Organization (WCO), is an internationally standardized system for the classification of traded goods. In Iraq, these codes are vital for customs clearance, trade facilitation, and the compilation of accurate trade statistics.

The application of HSN Codes in Iraq supports the nation's trade processes, ensuring that imports and exports adhere to international standards and contribute to the country's economic development.

Iraq utilizes the HSN Code system to categorize goods, which simplifies the processes of customs duty assessment and aligns with global trade practices, thus enhancing Iraq's capacity to engage in international commerce.

As part of the global trade community, Iraq's use of the HSN Codes ensures it maintains efficient and standardized customs procedures, crucial for its active participation in international trade.

The Iraqi Customs Authority employs a detailed HSN Code structure for the accurate classification of goods, crucial for determining tariffs and for economic policy making.

The HSN Code structure in Iraq consists of sections, chapters, headings, and subheadings, conforming to the international classification system that facilitates the systematic categorization of goods.

The classification system begins with broad categories in chapters, which are then detailed in headings and subheadings, allowing for precise categorization across a wide range of commodities.

An example of an HSN Code application in Iraq might involve the classification of petroleum oils, a major export of the country. The HS code for crude petroleum oils is 2709.00:

Chapter (27): Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes.

Heading (09): Petroleum oils and oils obtained from bituminous minerals, crude.

Sub-heading (00): No further subdivision, indicating the product is not refined.

HSN Codes are integral to Iraq’s trade infrastructure, enabling the country to effectively manage its export and import activities, apply the appropriate tariffs, and collect detailed trade data for national economic analysis.

In Iraq, HSN Code-sorted trade data is used for market research and competitive intelligence, providing businesses and government agencies with insights into trade patterns and market opportunities.

Volza’s platform provides a comprehensive HSN code list and trade data for Iraq, including detailed tariff rates and regulatory information, which is essential for businesses involved in Iraqi trade.