India introduces new HS code to allow exports of GI-recognised rice varieties

Current Events of National and International Importance Agriculture

11-Feb-25

India’s Finance Minister Nirmala Sitharaman has come up with an amendment to the Customs Tariff Act to provide for an HS (Harmonised System) code, for the export of geographical indication (GI) recognised rice.

About HS Code

The Harmonized System (HS) Code is a globally standardized classification system for traded goods, developed by the World Customs Organization (WCO). It consists of six-digit codes, extended by countries to 8 or 10 digits for detailed classification.

Key Features:

Global Use – Adopted by 200+ countries for trade regulation.
Structured Format – Covers 5,000+ product categories in 21 sections and 97 chapters.
Trade Compliance – Helps determine customs duties, taxes, and trade policies.