Harmonized code or HS Code is actually inevitable aspect in the import export commerce. 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. 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 by the 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 includes 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 fashionable ID assigned using a particular trading product, which is by simply more than 200 countries across the planet.
DGFT India in the governing authority that covers the changes or formulation or addition of new codes regarding existing harmonized code list. The authority carries out periodical activities like commodity description, weeding out of defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, along with that is a bunch 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. All of these 21 sections is further put into 98 sections. The chapters are further divided 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 of the forms and other important paperwork that to be able to filled up at the time of import and export. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are carried out in example of the code mentioned ultimately papers. Hence one can tell that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, it would have been very troublesome for participants to search for a particular segment of items. The list presents the full product coding with variety of of categories, simplifying a job of importers and exporters. You can easily access this code list over the world wide web with the internet data brands like Infodrive Sweden. Besides providing a complete HS tariff list, organization has also provided an inside search box for searching the codes of particular goods it really is quite entering the product’s names.