Harmonized code or HS Code a great inevitable aspect for the import export dealings. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. It is used to describe particular goods your import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained through Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import function. It is an eight digit code which has been developed at par with the international coding system to suit vehicle of the international trading community of the country. The code is basically, a unique ID assigned to a particular trading product, which is used by 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. The authority does periodical activities like commodity description, weeding the actual defunct codes, addition most recent codes, change of product description etc. It maintains the harmonized code list, may a number of such codes classified under 21 business units. 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 broken into 98 sections. The chapters are further divided into sub-headings this agreement particular HS Codes to target different products are mentioned.
Every trader dealing in international market has to note the particular code associated with his product in all the forms because important paperwork that must be filled up at the time of import export. All the attached activities like customs duty or excise duty or drawback rates or perhaps the exemption of commodities, are performed in example of the code mentioned inside the papers. Hence one can tell that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, it would have been very troublesome for the traders to investigation for a particular segment of products. The list presents the sum of the product coding with variety of of categories, simplifying the duty of importers and exporters. You can easily access this code list over the web with the online data companies like Infodrive The indian subcontinent. Besides providing a complete HS tariff list, the corporation has also provided an inside search box for searching the codes of particular goods it really is quite entering the product’s bands.