Harmonized code or HS Code is an inevitable aspect within the import export make trades. It is a unique numerical code sent to various products and commodities required while shipping from nation to another. 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 through Director General of Foreign Trade or dgft IE Code Registration Online India India. The international coding system has been adopted in India for export import procedure. It is an eight digit code which has 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 unique ID assigned the particular trading product, which is simply by more than 200 countries across the planet.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes in existing harmonized code list. The authority performs periodical activities like commodity description, weeding out of defunct codes, addition of brand new codes, change of product description etc. It maintains the harmonized code list, which is a bunch 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. Each of these 21 sections is further split up into 98 sections. The chapters are further split into sub-headings under which particular HS Codes to target different products are mentioned.
Every trader dealing in international market has to mention the particular code connected with his product in all of the forms and also important paperwork that needs to filled up at period of import and export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are performed in hitting the ground with the code mentioned ultimately papers. Hence one can say that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, might have been very troublesome for participants to track down a particular segment of products. The list presents the entire product coding with a lot of of categories, simplifying your responsibilities of importers and exporters. You can potentially access this code list over the web with the internet data businesses like Infodrive Sweden. Besides providing additional HS tariff list, the corporate has also provided an interior search box for searching the codes of particular goods simply by entering the product’s names.