Harmonized code or HS Code a good inevitable aspect for the import export trade. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. Its used to describe particular goods your past import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained through Director General of Foreign Trade or dgft IEC Registration Online India India. The international coding system has been adopted in India for export import techniques. It is an eight digit code which has been developed at par with the international coding system to suit automobile of the international trading community belonging to the country. The code is basically, a good ID assigned the particular trading product, which is used by more than 200 countries across the planet.
DGFT India in the governing authority that takes care of the changes or formulation or addition of new codes the actual existing harmonized code place. The authority performs periodical pursuits like commodity description, weeding the particular defunct codes, addition of new codes, change of product description etc. It maintains the harmonized code list, which is a number of such codes classified under 21 sectors. The 21 sections include Animals & Animal Products; Vegetable Products; Animal or Vegetable Fats; Prepared Foodstuffs; Mineral Products; Chemical Products; Plastics & Rubber; Hides & Skins; Wood & Wood Products; Wood Pulp Products; Textiles & Textile Articles; Footwear, Headgear; Articles Of Stone, Plaster, Cement, Asbestos; Pearls, Precious Or Semi-Precious Stones, Metals; Base Metals & Articles Thereof; Machinery & Mechanical Appliances; Transportation Equipment; Instruments – Measuring, Musical; Arms & Ammunition; Miscellaneous; and Works Of Art. Every these 21 sections is further broken into 98 sections. The chapters are further separated into sub-headings this agreement particular HS Codes to target different products are mentioned.
Every trader dealing in international market has to bring up the particular code number of his product in all the forms along with important paperwork that must be filled up at the time of import and export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are finished in experience with the code mentioned in the papers. Hence one can tell that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, always be have been very troublesome for participants to watch for a particular segment of merchandise. The list presents the sum of the product coding with amount of categories, simplifying the procedure of importers and exporters. You in many cases can access this code list over the online world with the internet data companies like Infodrive India. Besides providing a comprehensive HS tariff list, vehicle has also provided an inside search box for searching the codes of particular goods by way of entering the product’s such as :.