Harmonized code or HS Code is an inevitable aspect for the import export dealings. It is a unique numerical code used on various products and commodities required while shipping from one country to another. In order to 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 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 the requirements of the international trading community for the country. The code is basically, a good ID assigned a new particular trading product, which is by simply more than 200 countries across earth.
dgft IE Code Online Application Procedure India India in the governing authority that covers the changes or formulation or addition of new codes previously existing harmonized code list of reasons. The authority does periodical pursuits like commodity description, weeding out of defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, which is a number 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. Every these 21 sections is further separated into 98 sections. The chapters are further separated into sub-headings this agreement particular HS Codes for several products are mentioned.
Every trader dealing in international market has post the particular code number of his product in all the forms because important paperwork that to be able to filled up at period of import and export. All the related activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are carried out in experience of 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, always be have been very troublesome for the traders to investigation for a particular segment of products. The list presents the whole of the product coding with a number of categories, simplifying the duty of importers and exporters. You can potentially access this code list over the net with the online data brands like Infodrive The indian subcontinent. Besides providing a complete HS tariff list, vehicle has also provided an interior search box for searching the codes of particular goods simply by entering the product’s such as :.