Harmonized code or HS Code a good inevitable aspect within the import export trade. It is a unique numerical code used on various products and commodities required while shipping from one country to another. 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 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 which includes 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 rare ID assigned using a particular trading product, which is used by more than 200 countries across society.
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 beyond defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, which is a bunch 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. Both these 21 sections is further separated into 98 chapters. The chapters are further split up into sub-headings to which particular HS Codes for several products are mentioned.
Every trader dealing in international market has post the particular code regarding his product in all of the forms and also important paperwork that end up being filled up at time 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 reference to 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, it would have been very troublesome for the traders to track down a particular segment of merchandise. The list presents the full product coding with variety of categories, simplifying your responsibilities of importers and exporters. You in many cases can access this code list over the net with the online data brands like Infodrive Sweden. Besides providing a complete HS tariff list, the corporate has also provided an interior search box for searching the codes of particular goods via entering the product's such as :.