Harmonized code or HS Code can be an inevitable aspect of this import export dealings. It is a unique numerical code used on various products and commodities required while shipping from one country 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 code that has been developed at par with the international coding system to suit vehicle of the international trading community of the country. The code is basically, a special ID assigned any particular trading product, which is used by more than 200 countries across the planet.
dgft IE Code 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 list of reasons. The authority carries out periodical activities like commodity description, weeding out of defunct codes, addition of the latest codes, change of product description etc. It maintains the harmonized code list, and also a range 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. Each of these 21 sections is further split up 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 post the particular code connected with his product in all the forms as well important paperwork that become filled up at time of import and export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are performed in example of the code mentioned inside of the papers. Hence one can say that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, it have been very troublesome for participants to investigation for a particular segment of items. The list presents the full product coding with a lot of of categories, simplifying the procedure of importers and exporters. You can easily access this code list over the online world with the internet data manufacturers like Infodrive Indian. Besides providing additional HS tariff list, the corporation has also provided an enclosed search box for searching the codes of particular goods by way of entering the product’s such as :.