About HS Code 847050
This HS code specifically covers cash registers, which are indispensable tools for retail, hospitality, and service industries to process transactions, calculate totals, and often manage basic inventory. These machines range from simple electronic models to more advanced systems with integrated scanning and payment processing capabilities. Importers include retail chains, small businesses, restaurants, and hospitality groups seeking efficient point-of-sale solutions. Major exporters are manufacturers in Asia and Europe, focusing on reliability, security features, and ease of use. Key considerations in trade include integration with other systems, reporting capabilities, and compliance with local tax regulations.
Products Under This Code
Electronic cash registers, POS cash registers, retail cash registers, hospitality cash registers, basic till systems, programmable cash registers
Real World Examples
Casio SE-S400, Sharp XE-A207, Sam4s ER-940, Royal 500DX, TEC MA-1530
Common Misclassification
Often confused with 847141 (ADP machines with input/output in same housing) if the cash register has advanced computing capabilities, or 847021 (printing calculators) if its primary function is seen as just calculation and printing.
Products Classified Under 8470.50
Industry
This code belongs to the Electronics & Electrical Equipment industry.
Trade Overview
China and Japan are leading exporters, with the USA, Germany, and the UK being major importers for their vast retail sectors.
Frequently Asked Questions
What is HS code 847050?
HS code 847050 covers: Cash registers. This HS code specifically covers cash registers, which are indispensable tools for retail, hospitality, and service industries to process transactions, calculate totals, and often manage basic inventory. These machines range from simple electronic models to more advanced systems with integrated scanning and payment processing capabilities. Importers include retail chains, small businesses, restaurants, and hospitality groups seeking efficient point-of-sale solutions. Major exporters are manufacturers in Asia and Europe, focusing on reliability, security features, and ease of use. Key considerations in trade include integration with other systems, reporting capabilities, and compliance with local tax regulations.
What products fall under HS code 847050?
Electronic cash registers, POS cash registers, retail cash registers, hospitality cash registers, basic till systems, programmable cash registers
What are common misclassifications for HS code 847050?
Often confused with 847141 (ADP machines with input/output in same housing) if the cash register has advanced computing capabilities, or 847021 (printing calculators) if its primary function is seen as just calculation and printing.
How is HS code 847050 structured?
HS code 847050 is a 6-digit subheading under the Harmonized System. The first 2 digits (84) identify the chapter, digits 3-4 (70) identify the heading, and digits 5-6 (50) specify the subheading. This code is standardized globally by the World Customs Organization.