Harmonized code or HS Code a great inevitable aspect for the import export commerce. It is a unique numerical code sent to various products and commodities required while shipping from nation 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 your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import action. 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 unique ID assigned a new particular trading product, which is utilized by more than 200 countries across the world.
dgft IEC Registration Online India India in the governing authority that takes care of the changes or formulation or addition of new codes in existing harmonized code place. The authority carries out periodical activities like commodity description, weeding the defunct codes, addition most recent codes, change of description of product etc. It maintains the harmonized code list, along with that is a bunch 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 divided into 98 sections. The chapters are further separated into sub-headings under which particular HS Codes for several products are mentioned.
Every trader dealing in international market has to mention the particular code regarding his product in all of the forms as well important paperwork that to be able to filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or even 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 trade. If the HS tariff list was not available, might have been very troublesome for participants to search for a particular segment of products. The list presents the full product coding with variety of of categories, simplifying a job of importers and exporters. You can potentially access this code list over the online world with the internet data brands like Infodrive India. Besides providing a comprehensive HS tariff list, the company has also provided an enclosed search box for searching the codes of particular goods it really is quite entering the product’s names.