Harmonized code or HS Code a great inevitable aspect of the import export deal. 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 your past import 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 techniques. It is an eight digit code which has 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 good ID assigned the 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 covers the changes or formulation or addition of new codes in the existing harmonized code place. The authority performs periodical pursuits like commodity description, weeding beyond defunct codes, addition most recent codes, change of product description etc. It maintains the harmonized code list, along with that is a number of such codes classified under 21 sectors. 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. Each of these 21 sections is further divided into 98 chapters. The chapters are further put 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 of the forms because important paperwork that must be filled up at period of import and export. All the attached activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are carried out in hitting the ground with the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, it have been very troublesome for participants to search for a particular segment of merchandise. The list presents the full product coding with variety of categories, simplifying your responsibilities of importers and exporters. You can easily access this code list over the world wide web with the internet data the likes of Infodrive The indian subcontinent. Besides providing a detailed HS tariff list, the corporation has also provided an internal search box for searching the codes of particular goods by way of entering the product’s such as :.