Harmonized code or HS Code is actually inevitable aspect in the Import Export Code Application Online India export commerce. It is a unique numerical code allotted to various products and commodities required while shipping from nation to another. Its 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 action. It is an eight digit code which 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 good ID assigned a new particular trading product, which is used by more than 200 countries across earth.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes in existing harmonized code guidelines. The authority carries out periodical activities like commodity description, weeding the particular defunct codes, addition of the latest codes, change of product description etc. It maintains the harmonized code list, which is a collection 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. Every these 21 sections is further separated into 98 sections. The chapters are further split up into sub-headings to which particular HS Codes for several products are mentioned.
Every trader dealing in international market has to bring up the particular code number of his product in all of the forms as well 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 particular exemption of commodities, are executed in reference to the code mentioned ultimately papers. Hence one can tell that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, might have been very troublesome for the traders to track down a particular segment of merchandise. The list presents the sum of the product coding with variety of of categories, simplifying the duty of importers and exporters. You can easily access this code list over the internet with the online data companies like Infodrive Indian. Besides providing a comprehensive HS tariff list, vehicle has also provided an internal search box for searching the codes of particular goods by way of entering the product’s such as :.