Harmonized code or HS Code is an inevitable aspect of this Import Export Code Online Registration India export make trades. It is a unique numerical code allotted to various products and commodities required while shipping from nation to another. In order to 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 which been developed at par with the international coding system to suit vehicle of the international trading community for the country. The code is basically, a good ID assigned the particular trading product, which is simply by more than 200 countries across society.
DGFT India in the governing authority that provides the changes or formulation or addition of new codes previously existing harmonized code guidelines. The authority performs periodical pursuits like commodity description, weeding beyond defunct codes, addition of the latest codes, change of product description etc. It maintains the harmonized code list, may a bunch of such codes classified under 21 parts. 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. All of these 21 sections is further broken into 98 chapters. The chapters are further separated into sub-headings to which particular HS Codes to target other products are mentioned.
Every trader dealing in international market has to bring up the particular code number of his product in all of the forms because important paperwork that end up being filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or the actual 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 commerce. If the HS tariff list was not available, always be have been very troublesome for the traders to watch for a particular segment of products. The list presents the full product coding with amount of categories, simplifying your responsibilities of importers and exporters. You in many cases can access this code list over the world wide web with the internet data businesses like Infodrive The indian subcontinent. Besides providing a detailed HS tariff list, the company has also provided an enclosed search box for searching the codes of particular goods by way of entering the product’s such as :.