Harmonized code or HS Code a great inevitable aspect in the Import Export Code Application Online India export make trades. It is a unique numerical code used on various products and commodities required while shipping from one country to another. Is 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 the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import function. It is an eight digit code that has been developed at par with the international coding system to suit vehicle of the international trading community of the country. The code is basically, a special ID assigned any particular trading product, which is utilized by more than 200 countries across society.
DGFT India in the governing authority that looks after the changes or formulation or addition of new codes in existing harmonized code list of reasons. The authority does periodical activities like commodity description, weeding beyond defunct codes, addition of the latest codes, change of product description etc. It maintains the harmonized code list, and also 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 split up into 98 chapters. The chapters are further split up into sub-headings this agreement particular HS Codes to target other 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 along with important paperwork that needs to filled up at time of import export. All the related activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are performed in hitting the ground with the code mentioned inside the papers. Hence one can say that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, it would have been very troublesome for participants to investigation for a particular segment of products. The list presents the sum of the product coding with variety of of categories, simplifying the procedure of importers and exporters. You could access this code list over the online world with the online data the likes of Infodrive India. Besides providing a comprehensive HS tariff list, vehicle has also provided an interior search box for searching the codes of particular goods because of entering the product’s such as :.