Harmonized code or HS Code can be an inevitable aspect of the import export trade. It is a unique numerical code assigned 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 action. 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 unique ID assigned a new particular trading product, which is used by more than 200 countries across society.
dgft IE Code Online Registration in India India in the governing authority that looks after the changes or formulation or addition of new codes regarding existing harmonized code list of reasons. The authority performs periodical pursuits like commodity description, weeding the defunct codes, addition of new codes, change of product description etc. It maintains the harmonized code list, which is a collection 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. Every these 21 sections is further split up into 98 sections. The chapters are further separated into sub-headings this agreement particular HS Codes many products are mentioned.
Every trader dealing in international market has to bring up the particular code connected with his product in all the forms because important paperwork that become filled up at period of import and export. All the related activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are finished in experience of the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, end up being have been very troublesome for participants to search for a particular segment of items. The list presents the product coding with amount of categories, simplifying the duty of importers and exporters. You can easily access this code list over the web with the internet data brands like Infodrive Of india. Besides providing a comprehensive HS tariff list, the corporation has also provided an interior search box for searching the codes of particular goods by way of entering the product’s such as :.