Harmonized code or HS Code a good inevitable aspect of this Import Export Code Application Online India export dealings. It is a unique numerical code used on various products and commodities required while shipping from one country to another. Around the globe used to describe particular goods in the import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained from 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 provides been developed at par with the international coding system to suit automobile of the international trading community for the country. The code is basically, a rare ID assigned a new particular trading product, which is used by more than 200 countries across the world.
DGFT India in the governing authority that takes care of the changes or formulation or addition of new codes in existing harmonized code listing. The authority performs periodical pursuits like commodity description, weeding out of defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, which is a collection 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. Both these 21 sections is further separated into 98 chapters. The chapters are further put into sub-headings under which particular HS Codes for different products are mentioned.
Every trader dealing in international market has post the particular code connected with his product in all the forms as well important paperwork that to be able to filled up at time of export import. All the attached activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are carried out in experience with the code mentioned in the papers. Hence one can tell that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, it would have been very troublesome for participants to track down a particular segment of products. The list presents the full product coding with a number of categories, simplifying your responsibilities of importers and exporters. You can easily access this code list over the internet with the internet data manufacturers like Infodrive Of india. Besides providing additional HS tariff list, the corporation has also provided an internal search box for searching the codes of particular goods it really is quite entering the product’s makers.