Harmonized code or HS Code a good inevitable aspect of the import export make trades. It is a unique numerical code sent to various products and commodities required while shipping from nation to another. In order to used to describe particular goods regarding Import Export Code Application Online India export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained by the 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 for the country. The code is basically, a unique ID assigned to a particular trading product, which is through more than 200 countries across the planet.
DGFT India in the governing authority that provides the changes or formulation or addition of new codes in the existing harmonized code list of reasons. The authority carries out periodical activities like commodity description, weeding the defunct codes, addition of new codes, change of product description etc. It maintains the harmonized code list, may 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. 1 of these 21 sections is further split up into 98 sections. 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 say the particular code involving his product in all of the forms and also important paperwork that needs to filled up at period of import export. All the related activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are executed in experience with the code mentioned inside of the papers. Hence one can tell that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, always be have been very troublesome for participants to investigation for a particular segment of items. The list presents the whole of the product coding with variety of of categories, simplifying your responsibilities of importers and exporters. You is likely to access this code list over the internet with the online data brands like Infodrive The indian subcontinent. Besides providing additional HS tariff list, the company has also provided an indoor search box for searching the codes of particular goods because of entering the product’s names.