Harmonized code or HS Code is an inevitable aspect within the import export trade. It is a unique numerical code used on various products and commodities Documents required for Import Export Code Registration Online while shipping from one country to another. In order to used to describe particular goods your past import export trading platform.
The ITC HS Code List or India harmonized code list is regulated and maintained 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 includes been developed at par with the international coding system to suit automobile of the international trading community from the country. The code is basically, a special ID assigned using a particular trading product, which is utilized by more than 200 countries across entire world.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes previously existing harmonized code list. The authority carries out periodical activities like commodity description, weeding beyond defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, which is a collection of such codes classified under 21 pieces. 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 separated into 98 sections. The chapters are further divided into sub-headings under which particular HS Codes to target other products are mentioned.
Every trader dealing in international market has to note the particular code involving his product in all the forms and also important paperwork that must be 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 executed in reference to 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, end up being have been very troublesome for participants to watch for a particular segment of merchandise. The list presents the sum of the product coding with variety of of categories, simplifying a job of importers and exporters. You in many cases can access this code list over the internet with the online data brands like Infodrive Indian. Besides providing a complete HS tariff list, vehicle has also provided an internal search box for searching the codes of particular goods via entering the product’s companies.