Harmonized code or HS Code a great inevitable aspect within the import export commerce. It is a unique numerical code allotted to various products and commodities required while shipping from nation to another. Its used to describe particular goods within the import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained from your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import techniques. It is an eight digit IEC Code Online Application India that has 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 any particular trading product, which is by simply more than 200 countries across the planet.
DGFT India in the governing authority that covers the changes or formulation or addition of new codes the actual existing harmonized code guidelines. The authority does periodical activities like commodity description, weeding out of defunct codes, addition of recent codes, change of description of product etc. It maintains the harmonized code list, may a number 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 this agreement particular HS Codes for different products are mentioned.
Every trader dealing in international market has to note the particular code number of his product in all the forms as well important paperwork that end up being filled up at time of import and export. All the attached activities like customs duty or excise duty or drawback rates or perhaps the exemption of commodities, are carried out in example of the code mentioned inside the papers. Hence one can tell that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, it have been very troublesome for participants to track down a particular segment of merchandise. The list presents the whole of the product coding with variety of categories, simplifying the task of importers and exporters. You is likely to access this code list over the world wide web with the internet data manufacturers like Infodrive The indian subcontinent. Besides providing a comprehensive HS tariff list, vehicle has also provided an enclosed search box for searching the codes of particular goods by way of entering the product’s such as :.