Harmonized code or HS Code a good inevitable aspect within the import export trade. It is a unique numerical code sent 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 from the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import function. It is an eight digit code that 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 special ID assigned any particular trading product, which is utilized by more than 200 countries across society.
dgft IEC Registration Online India India in the governing authority that takes care of the changes or formulation or addition of new codes in the existing harmonized code listing. The authority does periodical pursuits like commodity description, weeding the particular defunct codes, addition of brand new codes, change of description of product 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. Both these 21 sections is further split up into 98 chapters. The chapters are further put into sub-headings to which particular HS Codes for several products are mentioned.
Every trader dealing in international market has post the particular code number of his product in all the forms as well important paperwork that become filled up at period of export import. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are carried out 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, always be have been very troublesome for the traders to search for a particular segment of products. The list presents the whole of the product coding with a number of categories, simplifying a job of importers and exporters. You can easily access this code list over the online world with the internet data businesses like Infodrive Indian. Besides providing a comprehensive HS tariff list, vehicle has also provided an enclosed search box for searching the codes of particular goods it really is quite entering the product’s such as :.