Harmonized code or HS Code is actually inevitable aspect for the import export deal. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. Its used to describe particular goods regarding import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained your 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 automobile of the international trading community from the country. The code is basically, a rare ID assigned a new particular trading product, which is simply by more than 200 countries across entire world.
dgft IE Code Registration Online India India in the governing authority that covers the changes or formulation or addition of new codes the actual existing harmonized code listing. The authority performs periodical activities like commodity description, weeding beyond defunct codes, addition of recent 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. Both these 21 sections is further split up into 98 chapters. The chapters are further split 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 number of his product in all of the forms as well important paperwork that must be filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are executed in example of the code mentioned in the papers. Hence one can say that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, it have been very troublesome for participants to track down a particular segment of items. The list presents the entire product coding with amount of categories, simplifying a job of importers and exporters. You is likely to access this code list over the net with the online data brands like Infodrive India. Besides providing an end HS tariff list, organization has also provided an indoor search box for searching the codes of particular goods it really is quite entering the product’s names.