Harmonized code or HS Code a great inevitable aspect of this import export dealings. It is a unique numerical code used on various products and commodities required while shipping from one country to another. In order to used to describe particular goods your 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 action. It is an eight digit code which been developed at par with the international coding system to suit the requirements of the international trading community belonging to the country. The code is basically, a special ID assigned the particular trading product, which is through more than 200 countries across the planet.
dgft IE Code Registration Online India India in the governing authority that looks after the changes or formulation or addition of new codes in existing harmonized code guidelines. The authority does periodical pursuits like commodity description, weeding the defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, may a number 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. 1 of these 21 sections is further broken into 98 sections. The chapters are further split up into sub-headings this agreement particular HS Codes for different products are mentioned.
Every trader dealing in international market has to say the particular code associated with his product in all the forms because important paperwork that must be filled up at time of import and export. All the related activities like customs duty or excise duty or drawback rates or even exemption of commodities, are finished in example of the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, it have been very troublesome for the traders to search for a particular segment of products. The list presents the sum of the product coding with amount of categories, simplifying the duty of importers and exporters. You could access this code list over the world wide web with the online data companies like Infodrive Indian. Besides providing an end HS tariff list, the corporation has also provided an inside search box for searching the codes of particular goods because of entering the product’s makers.