Harmonized code or HS Code a great inevitable aspect for the Import Export Code Application Online India export deal. It is a unique numerical code used on various products and commodities required while shipping from one country to another. It is used to describe particular goods in the 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 India. The international coding system has been adopted in India for export import function. It is an eight digit code which has 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 good ID assigned using a particular trading product, which is used by more than 200 countries across entire world.
DGFT India in the governing authority that looks after the changes or formulation or addition of new codes previously existing harmonized code place. The authority performs 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, and also a selection of such codes classified under 21 business units. 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 put into 98 chapters. The chapters are further split up into sub-headings this agreement particular HS Codes to target different products are mentioned.
Every trader dealing in international market has post the particular code number of his product in all of the forms along with important paperwork that must be filled up at period of import export. All the attached activities like customs duty or excise duty or drawback rates or even exemption of commodities, are finished in experience of the code mentioned inside the papers. Hence one know that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, it would have been very troublesome for the traders to watch for a particular segment of items. The list presents the sum of the product coding with amount of categories, simplifying a job of importers and exporters. You can potentially access this code list over the net with the online data manufacturers like Infodrive Indian. Besides providing a complete HS tariff list, the company has also provided an enclosed search box for searching the codes of particular goods because of entering the product’s companies.