Harmonized code or HS Code a good inevitable aspect in the import export deal. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. Its used to describe particular goods regarding 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 Online Registration in India India. The international coding system has been adopted in India for export import operations. It is an eight digit code which been developed at par with the international coding system to suit automobile of the international trading community on the country. The code is basically, a fashionable ID assigned any particular trading product, which is simply 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 regarding existing harmonized code guidelines. The authority does periodical pursuits like commodity description, weeding out of defunct codes, addition of recent codes, change of description of product 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. Both these 21 sections is further divided into 98 sections. The chapters are further split into sub-headings under which particular HS Codes to target other products are mentioned.
Every trader dealing in international market has post the particular code number of his product in all the forms as well important paperwork that become filled up at the time of import export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are finished in experience with the code mentioned inside of the papers. Hence one know 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 the traders to investigation for a particular segment of products. The list presents the whole of the product coding with amount of categories, simplifying your responsibilities of importers and exporters. You could access this code list over the web with the internet data the likes of Infodrive The indian subcontinent. Besides providing additional HS tariff list, the company has also provided an enclosed search box for searching the codes of particular goods simply by entering the product’s names.