Harmonized code or HS Code a good inevitable aspect within the import export trade. It is a unique numerical code assigned to various products and commodities required while shipping from one country to another. It is 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 by the Director General of Foreign Trade or dgft IE Code Registration Online India India. The international coding system has been adopted in India for export import function. It is an eight digit code which 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 rare ID assigned using a particular trading product, which is through more than 200 countries across the planet.
DGFT India in the governing authority that looks after the changes or formulation or addition of new codes in existing harmonized code listing. The authority does periodical activities like commodity description, weeding beyond defunct codes, addition of recent codes, change of description of product etc. It maintains the harmonized code list, which is a collection of such codes classified under 21 parts. 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. All of these 21 sections is further split up into 98 sections. The chapters are further split up into sub-headings this agreement particular HS Codes to target other products are mentioned.
Every trader dealing in international market has to bring up the particular code regarding his product in all of the forms because important paperwork that to be able to filled up at period of export import. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are carried out in experience of the code mentioned ultimately papers. Hence one know that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, end up being have been very troublesome for the traders to watch for a particular segment of products. The list presents the entire product coding with amount of categories, simplifying a job of importers and exporters. You is likely to access this code list over the world wide web with the internet data businesses like Infodrive Of india. Besides providing an end HS tariff list, vehicle has also provided an indoor search box for searching the codes of particular goods by way of entering the product’s such as :.