Harmonized code or HS Code can be an inevitable aspect of the import export deal. It is a unique numerical code assigned to various products and commodities required while shipping from one country to another. 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 through Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import procedure. It is an eight digit code provides been developed at par with the international coding system to suit the requirements of the international trading community belonging to the country. The code is basically, a rare ID assigned to a particular trading product, which is used by more than 200 countries across society.
dgft IE Code Online Application Procedure India India in the governing authority that takes care of the changes or formulation or addition of new codes the actual existing harmonized code list of reasons. The authority carries out periodical pursuits like commodity description, weeding the defunct codes, addition of brand new codes, change of product description 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. 1 of these 21 sections is further separated into 98 sections. The chapters are further split up into sub-headings under which particular HS Codes for 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 and other important paperwork that end up being filled up at the time of import export. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are finished in reference to the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, end up being have been very troublesome for participants to search for a particular segment of items. The list presents the entire product coding with variety of categories, simplifying your responsibilities of importers and exporters. You can potentially access this code list over the internet with the online data the likes of Infodrive Indian. Besides providing a complete HS tariff list, the corporate has also provided an internal search box for searching the codes of particular goods via entering the product’s such as :.