Harmonized code or HS Code a great inevitable aspect for the Import Export Code Online Registration India export dealings. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. It is used to describe particular goods your past 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 techniques. It is an eight digit code which has been developed at par with the international coding system to suit the requirements of the international trading community belonging to the country. The code is basically, a good ID assigned using a particular trading product, which is simply by more than 200 countries across entire world.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes in existing harmonized code list of reasons. The authority performs periodical activities like commodity description, weeding the particular 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 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. Every these 21 sections is further split up into 98 sections. The chapters are further separated into sub-headings to which particular HS Codes many products are mentioned.
Every trader dealing in international market has to bring up the particular code associated with his product in all the forms because important paperwork that to be able to filled up at period of export import. All the related activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are performed in experience with the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, it have been very troublesome for the traders to track down a particular segment of items. The list presents the sum of the product coding with variety of categories, simplifying the procedure of importers and exporters. You can easily access this code list over the online world with the internet data brands like Infodrive The indian subcontinent. Besides providing a complete HS tariff list, vehicle has also provided an interior search box for searching the codes of particular goods because of entering the product’s such as :.