Harmonized code or HS Code is actually inevitable aspect of the import export make trades. It is a unique numerical code sent to various products and commodities Documents required for Import Export Code Registration Online 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 your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import procedure. It is an eight digit code which has been developed at par with the international coding system to suit the requirements of the international trading community from the country. The code is basically, a fashionable ID assigned the particular trading product, which is through more than 200 countries across society.
DGFT India in the governing authority that takes care of 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 actual defunct codes, addition of recent codes, change of description of product etc. It maintains the harmonized code list, may a bunch of such codes classified under 21 sectors. 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. All of these 21 sections is further broken into 98 sections. The chapters are further split into sub-headings this agreement particular HS Codes for several products are mentioned.
Every trader dealing in international market has to say the particular code involving his product in all the forms and also important paperwork that end up being filled up at period of import export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are performed in experience with the code mentioned in the papers. Hence one can tell that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, it have been very troublesome for the traders to search for a particular segment of products. The list presents the full product coding with amount of categories, simplifying the procedure of importers and exporters. You is likely to access this code list over the online world with the online data companies like Infodrive India. Besides providing an end HS tariff list, vehicle has also provided an enclosed search box for searching the codes of particular goods by way of entering the product’s companies.