Harmonized IEC Code Online Application India or HS Code a great inevitable aspect in the import export make trades. It is a unique numerical code used on various products and commodities required 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 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 provides been developed at par with the international coding system to suit automobile of the international trading community belonging to the country. The code is basically, a special ID assigned using a particular trading product, which is simply by more than 200 countries across entire world.
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 particular defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, along with that is 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. All of these 21 sections is further split up into 98 sections. The chapters are further divided into sub-headings under which particular HS Codes for several products are mentioned.
Every trader dealing in international market has to note the particular code associated with his product in all of the forms as well important paperwork that end up being filled up at the time of import and export. All the related activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are executed in experience with the code mentioned inside the papers. Hence one can say that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, it have been very troublesome for the traders to search for a particular segment of merchandise. The list presents the entire product coding with variety of categories, simplifying your responsibilities of importers and exporters. You in many cases can access this code list over the online world with the online data businesses like Infodrive Indian. Besides providing additional HS tariff list, the corporate has also provided an internal search box for searching the codes of particular goods via entering the product’s bands.