Harmonized code or HS IEC Code Online Application India a good inevitable aspect for the import export dealings. It is a unique numerical code assigned to various products and commodities required while shipping from one country to another. Around the globe 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 from the 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 that has been developed at par with the international coding system to suit the requirements of the international trading community belonging to the country. The code is basically, a good ID assigned to a particular trading product, which is simply by more than 200 countries across society.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes regarding existing harmonized code listing. The authority does periodical pursuits like commodity description, weeding the defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, which is 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. Every these 21 sections is further put into 98 chapters. The chapters are further separated into sub-headings to which particular HS Codes for several products are mentioned.
Every trader dealing in international market has to mention the particular code involving his product in all of the forms and also important paperwork that must be filled up at period of import and export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are carried out in example of the code mentioned in the papers. Hence one can tell 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 investigation 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 can potentially access this code list over the internet with the online data brands like Infodrive The indian subcontinent. Besides providing additional HS tariff list, the corporate has also provided an internal search box for searching the codes of particular goods by way of entering the product’s makers.