Harmonized code or HS Code can be an inevitable aspect for the import export make trades. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. Around the globe used to describe particular goods regarding import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained through Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import procedure. It is an eight digit code which been developed at par with the international coding system to suit vehicle of the international trading community belonging to the country. The code is basically, a special ID assigned a new particular trading product, which is used by more than 200 countries across the planet.
dgft IEC Registration Online India India in the governing authority that provides 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 particular defunct codes, addition most recent codes, change of product description etc. It maintains the harmonized code list, may 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. Both these 21 sections is further broken into 98 chapters. The chapters are further divided into sub-headings under which particular HS Codes to target other products are mentioned.
Every trader dealing in international market has to note the particular code connected with his product in all the forms and also important paperwork that needs to filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are executed in experience of the code mentioned in the papers. Hence one can say that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, it would have been very troublesome for participants to search for a particular segment of items. The list presents the entire product coding with a number of categories, simplifying your responsibilities of importers and exporters. You is likely to access this code list over the internet with the internet data brands like Infodrive Of india. Besides providing a detailed HS tariff list, organization has also provided an indoor search box for searching the codes of particular goods simply by entering the product’s bands.