Harmonized code or HS Code a good inevitable aspect for 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 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 India. The international coding system has been adopted in India for export import procedure. 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 for the country. The code is basically, a unique ID assigned to a particular trading product, which is simply by more than 200 countries across earth.
dgft IE Code Registration Online India India in the governing authority that attends to the changes or formulation or addition of new codes in the existing harmonized code listing. The authority does periodical activities like commodity description, weeding the defunct codes, addition of recent codes, change of product description etc. It maintains the harmonized code list, and also a bunch of such codes classified under 21 business units. 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. Both these 21 sections is further divided into 98 sections. The chapters are further separated into sub-headings to which particular HS Codes many products are mentioned.
Every trader dealing in international market has post the particular code regarding his product in all of the forms along with important paperwork that must be filled up at period of export import. All the related activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are finished in reference to the code mentioned inside of the papers. Hence one can tell that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, it would have been very troublesome for participants to search for a particular segment of products. The list presents the full product coding with variety of categories, simplifying your responsibilities of importers and exporters. You could access this code list over the web with the online data the likes of Infodrive Indian. Besides providing additional HS tariff list, vehicle has also provided an internal search box for searching the codes of particular goods via entering the product’s such as :.