Guidebook on Mapping of Harmonized System of Nomenclature (HSN) Codes unveiled

Union Minister of Commerce and Industry, Mr Piyush Goyal, last week released the Guidebook on Mapping of Harmonized System of Nomenclature (HSN) Codes prepared by the Department for Promotion of Industry and Internal Trade (DPIIT). The Guidebook which provides allocation of 12,167 HSN Codes to 31 Ministries and Departments of the Government of India, aims to promote the adoption of data-driven approach for manufacturing development, investment promotion and trade facilitation. It shall serve as the foundation for building a resilient and competitive manufacturing ecosystem.

Emphasising the significance of this exercise, Mr Goyal mentioned that the Guidebook is a significant stride towards strengthening domestic production capacity and fostering sectoral growth. Additionally, it will also support more effective Trade Agreement negotiations which are aligned with national economic priorities and domain strengths. With the facilitation for identification of the relevant Ministry or Department for specific HSN Codes, this initiative will streamline regulatory processes and further enhance ease of doing business. He added that the Guidebook shall play an integral role in accomplishing the vision of Viksit Bharat by 2047, where governance is responsive to the needs of the industry.

 

 

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