Harmonized code or HS Code a great inevitable aspect in the import export make trades. It is a unique numerical code allotted to various products and commodities Documents required for Import Export Code Registration Online while shipping from one country to another. Around the globe used to describe particular goods within 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 function. It is an eight digit code that 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 using a particular trading product, which is through more than 200 countries across earth.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes regarding existing harmonized code place. The authority carries out periodical pursuits like commodity description, weeding the actual defunct codes, addition most recent codes, change of description of product etc. It maintains the harmonized code list, which is a selection 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 broken into 98 chapters. The chapters are further separated into sub-headings to which particular HS Codes for several products are mentioned.
Every trader dealing in international market has post the particular code connected with his product in all of the forms and other important paperwork that become filled up at the time of import and export. All the attached activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are finished in experience of 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, always be have been very troublesome for participants to investigation for a particular segment of merchandise. The list presents the sum of the product coding with a number of categories, simplifying a job of importers and exporters. You could access this code list over the net with the internet data brands like Infodrive The indian subcontinent. Besides providing additional HS tariff list, the corporate has also provided an indoor search box for searching the codes of particular goods simply by entering the product’s makers.