Harmonized code or HS Code is an inevitable aspect in the import export commerce. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. Is used to describe particular goods regarding import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained your Director General of Foreign Trade or dgft IE Code Online Application Procedure India India. The international coding system has been adopted in India for export import action. It is an eight digit code which includes been developed at par with the international coding system to suit automobile of the international trading community of the country. The code is basically, a unique ID assigned to a particular trading product, which is simply 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 regarding existing harmonized code listing. The authority does periodical activities like commodity description, weeding the particular defunct codes, addition of the latest codes, change of product description etc. It maintains the harmonized code list, which is a collection of such codes classified under 21 sections. 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. 1 of these 21 sections is further separated into 98 chapters. The chapters are further split into sub-headings to which particular HS Codes to target different products are mentioned.
Every trader dealing in international market has to bring up the particular code involving his product in all of the forms and also important paperwork that needs to filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are finished in hitting the ground with the code mentioned ultimately papers. Hence one can tell that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, it would have been very troublesome for the traders to track down a particular segment of items. The list presents the full product coding with a number of categories, simplifying your responsibilities of importers and exporters. You can potentially access this code list over the web with the internet data businesses like Infodrive Indian. Besides providing additional HS tariff list, organization has also provided an internal search box for searching the codes of particular goods it really is quite entering the product’s such as :.