Harmonized code or HS Code is an inevitable aspect within the import export make trades. It is a unique numerical code used on various products and commodities required while shipping from one country to another. Its used to describe particular goods regarding Import Export Code Application Online India export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained by the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import techniques. 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 on the country. The code is basically, a fashionable ID assigned using a particular trading product, which is by simply more than 200 countries across entire world.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes the actual existing harmonized code place. The authority carries out periodical pursuits like commodity description, weeding the actual defunct codes, addition of recent codes, change of description of product etc. It maintains the harmonized code list, which is a range of such codes classified under 21 sections. 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. Each of these 21 sections is further separated into 98 sections. The chapters are further separated into sub-headings under which particular HS Codes many products are mentioned.
Every trader dealing in international market has to bring up the particular code regarding his product in all of the forms and also important paperwork that needs to 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 of the papers. Hence one can say that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, end up being 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 procedure of importers and exporters. You can easily access this code list over the internet with the online data businesses like Infodrive Indian. Besides providing a complete HS tariff list, vehicle has also provided an internal search box for searching the codes of particular goods via entering the product’s such as :.