Harmonized code or HS Code can be an inevitable aspect in the import export trade. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. In order to used to describe particular goods in the 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 procedure. It is an eight digit code provides been developed at par with the international coding system to suit automobile of the international trading community belonging to the country. The code is basically, a rare ID assigned a new particular trading product, which is by simply more than 200 countries across earth.
dgft IE Code Registration Online India India in the governing authority that covers the changes or formulation or addition of new codes previously existing harmonized code list. The authority performs periodical pursuits like commodity description, weeding the particular defunct codes, addition of new codes, change of product description etc. It maintains the harmonized code list, and also a range 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. Both these 21 sections is further split up into 98 chapters. The chapters are further put into sub-headings to which particular HS Codes to target other products are mentioned.
Every trader dealing in international market has to mention the particular code regarding his product in all the forms as well important paperwork that end up being filled up at period of import and export. All the related activities like customs duty or excise duty or drawback rates or even exemption of commodities, are carried out in experience of the code mentioned inside the papers. Hence one can say that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, always be have been very troublesome for participants to track down a particular segment of items. The list presents the whole of the product coding with a lot of of categories, simplifying the task of importers and exporters. You could access this code list over the net with the online data businesses like Infodrive India. Besides providing a comprehensive HS tariff list, vehicle has also provided an indoor search box for searching the codes of particular goods via entering the product’s such as :.