Harmonized code or HS Code is an inevitable aspect within the import export commerce. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. Around the globe used to describe particular goods regarding 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 procedure. It is an eight digit code provides been developed at par with the international coding system to suit vehicle of the international trading community on the country. The code is basically, a unique ID assigned using a particular trading product, which is utilized by more than 200 countries across the planet.
dgft IE Code Online Application Procedure India India in the governing authority that attends to the changes or formulation or addition of new codes regarding existing harmonized code list of reasons. The authority carries out periodical activities like commodity description, weeding the particular defunct codes, addition of new codes, change of product description etc. It maintains the harmonized code list, may a collection 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. Every these 21 sections is further divided into 98 chapters. The chapters are further divided into sub-headings this agreement particular HS Codes for several products are mentioned.
Every trader dealing in international market has post the particular code associated with his product in all the forms along with important paperwork that needs to filled up at period of export import. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are finished in experience with the code mentioned ultimately papers. Hence one can tell that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, it have been very troublesome for participants to search for a particular segment of items. The list presents the entire product coding with a number of categories, simplifying the duty of importers and exporters. You can easily access this code list over the web with the online data the likes of Infodrive Of india. Besides providing additional HS tariff list, vehicle has also provided an internal search box for searching the codes of particular goods it really is quite entering the product’s such as :.