Harmonized code or HS Code is an inevitable aspect of the import export commerce. It is a unique numerical code assigned to various products and commodities Documents required for Import Export Code Registration Online while shipping from one country to another. It is used to describe particular goods within the 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 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 unique ID assigned to a particular trading product, which is through more than 200 countries across the planet.
DGFT India in the governing authority that attends to the changes or formulation or addition of new codes in the existing harmonized code guidelines. The authority carries out periodical pursuits like commodity description, weeding the defunct codes, addition of brand new codes, change of product description etc. It maintains the harmonized code list, and also a range of such codes classified under 21 parts. 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 divided into sub-headings under which particular HS Codes for several products are mentioned.
Every trader dealing in international market has to bring up the particular code regarding his product in all the forms because important paperwork that to be able to filled up at the time of import export. All the attached activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are executed in hitting the ground with the code mentioned in the papers. Hence one can say that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, always be have been very troublesome for the traders to search for a particular segment of products. The list presents the sum of the product coding with a lot of of categories, simplifying your responsibilities of importers and exporters. You could access this code list over the online world with the online data brands like Infodrive The indian subcontinent. Besides providing a complete HS tariff list, the corporation has also provided an indoor search box for searching the codes of particular goods simply by entering the product’s names.