Understanding HSN Codes in Russia : A Comprehensive Guide

Introduction

The Harmonized System Nomenclature (HSN) Codes are an international standard for classifying traded goods, created by the World Customs Organization (WCO). In Russia, these codes are pivotal for managing international trade, customs processing, and economic policy development. The HSN system in Russia, known locally as the Товарная номенклатура внешнеэкономической деятельности (TN VED), is essential for trade facilitation, taxation, and statistical reporting.

Russia uses HSN Codes to align with global trade practices, ensuring that goods are consistently classified for import and export while meeting the specific requirements of the Eurasian Economic Union (EAEU). These codes form the backbone of Russia's trade policy, helping to determine tariff rates and trade agreements with both EAEU member states and other international partners.

As a participant in the World Customs Organization, Russia's commitment to the HSN system underlines its role in fostering a streamlined global trade environment.

Russia has adopted the HSN system with additional codes to cater to a more detailed classification of goods, which is crucial for customs tariffs and trade policy enforcement.

The structure of HSN Codes in Russia is designed to ensure precise classification, supporting customs, taxation, and policy-making within its extensive trade network.

For example, Russia is a major exporter of petroleum products. An HSN Code for crude oil might be 2709.00.90.

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): Indicates crude oil without further specification.

Russian Specific Extension (90): The additional digits could specify the type of crude oil or other details relevant for Russian customs and trade analysis.

HSN Codes are central to Russia’s trade administration, affecting duties, taxes, and regulatory policies. They are essential for businesses for compliance and for the government in managing international trade relations.