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. 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 your Director General of Foreign Trade or dgft IE Code Online Application Procedure India India. The international coding system has been adopted in India for export import operations. It is an eight digit code which includes been developed at par with the international coding system to suit vehicle of the international trading community on the country. The code is basically, a fashionable ID assigned the particular trading product, which is simply by more than 200 countries across the planet.
DGFT India in the governing authority that covers the changes or formulation or addition of new codes the actual existing harmonized code guidelines. The authority does periodical pursuits like commodity description, weeding the actual defunct codes, addition of brand new codes, change of product description 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. Each of these 21 sections is further broken into 98 chapters. The chapters are further put into sub-headings this agreement particular HS Codes to target other products are mentioned.
Every trader dealing in international market has to note the particular code regarding his product in all the forms because important paperwork that to be able to filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are executed in experience of the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, it would have been very troublesome for participants to search for a particular segment of products. The list presents the full product coding with amount of categories, simplifying the task of importers and exporters. You can easily access this code list over the world wide web with the internet data the likes of Infodrive Indian. Besides providing a detailed HS tariff list, organization has also provided an indoor search box for searching the codes of particular goods because of entering the product’s such as :.