Harmonized code or HS Code a good inevitable aspect within the import export dealings. It is a unique numerical code assigned to various products and commodities required while shipping from nation to another. It is used to describe particular goods regarding import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import procedure. It is an eight digit code which has been developed at par with the international coding system to suit the requirements of the international trading community for the country. The code is basically, a good ID assigned to a particular trading product, which is by simply more than 200 countries across society.
dgft IE Code Registration Online India India in the governing authority that covers the changes or formulation or addition of new codes regarding existing harmonized code list. The authority does 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, which is a selection 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. All of these 21 sections is further broken into 98 sections. The chapters are further split up into sub-headings this agreement particular HS Codes to target other products are mentioned.
Every trader dealing in international market has to say the particular code number of his product in all of the forms and also important paperwork that become filled up at time of import export. All the related activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are performed in hitting the ground with the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, it have been very troublesome for the traders to investigation for a particular segment of products. The list presents the product coding with variety of categories, simplifying the duty of importers and exporters. You can easily access this code list over the online world with the online data manufacturers like Infodrive Indian. Besides providing a complete HS tariff list, the corporate has also provided an inside search box for searching the codes of particular goods by way of entering the product’s such as :.