Harmonized code or HS Code can be an inevitable aspect within the import export make trades. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. In order to used to describe particular goods your past Import Export Code Application Online India export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained by the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import operations. It is an eight digit code which 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 special ID assigned to a particular trading product, which is used by more than 200 countries across society.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes previously existing harmonized code guidelines. The authority carries out periodical pursuits like commodity description, weeding out of defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, along with that is a collection of such codes classified under 21 pieces. 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 divided into sub-headings under which particular HS Codes to target other products are mentioned.
Every trader dealing in international market has to note the particular code connected with his product in all the forms as well important paperwork that must be filled up at the time of export import. All the related activities like customs duty or excise duty or drawback rates or even exemption of commodities, are executed in experience of the code mentioned ultimately papers. Hence one can say that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, always be have been very troublesome for participants to search for a particular segment of merchandise. The list presents the entire product coding with a number of categories, simplifying your responsibilities of importers and exporters. You can potentially access this code list over the online world with the internet data brands like Infodrive The indian subcontinent. Besides providing a complete HS tariff list, the corporation has also provided an indoor search box for searching the codes of particular goods by way of entering the product’s names.