Harmonized code or HS Code is actually inevitable aspect in the import export make trades. 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 within the 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 operations. It is an eight digit code that 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 rare ID assigned any particular trading product, which is used by more than 200 countries across the world.
dgft IE Code Online Registration in India India in the governing authority that looks after the changes or formulation or addition of new codes previously existing harmonized code place. The authority does periodical activities like commodity description, weeding beyond defunct codes, addition most recent codes, change of description of product etc. It maintains the harmonized code list, and also a range of such codes classified under 21 parts. 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. 1 of these 21 sections is further separated into 98 sections. The chapters are further separated into sub-headings this agreement particular HS Codes to target different products are mentioned.
Every trader dealing in international market has to say the particular code associated with his product in all the forms and other important paperwork that must be filled up at time of export import. All the attached activities like customs duty or excise duty or drawback rates or even exemption of commodities, are finished in experience with the code mentioned inside of 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 have been very troublesome for participants to track down a particular segment of items. The list presents the sum of the product coding with a lot of of categories, simplifying a job of importers and exporters. You can potentially access this code list over the online world with the internet data companies like Infodrive The indian subcontinent. Besides providing an end HS tariff list, organization has also provided an enclosed search box for searching the codes of particular goods simply by entering the product’s such as :.