How HS Code India helps in handling the entire internal Indian trade process?

In Indian market of trade, we follow eight digits code system in order to classify the import and export goods at the time of shipping and loading. This Indian system of classification is called ITC (Indian Tariff code). It was adopted in India to handle various operations of internal import and export. This system of Indian classification is based on universal HS codes used in actual shipment data.

HS Code India

The Directorate General of foreign trade is responsible for all the decisions and new changes in ITC-HS codes (Indian tariff code). It was accepted in India in order to accomplish the requirements of trade market at the national level. HS Code India is divided into two parts i.e. 

 Schedule 1 and Schedule 2.

·         Schedule 1- The entire policies of import data

·         Schedule 2- The entire policies of export data

There are total 21 sections in ITC-HS code classification that includes Animal & animal products, vegetable products, wood pulp products, machinery & mechanical appliances, instruments, mineral products, chemical products, transport equipment and many more.

In HS Code India, the first six digits remain same as International HS codeclassification but additional two digits are categorized into more defined level. It is considered the most importance and useful method to identify commodities traded in the market of Indian trade

Vegetable products
Chapter 10
Heading 10.06
Subheading 1006.30
Semi-milled or wholly milled rice, whether or not polished or glazed

With the help of this HS classification, it becomes easy to control the overall trade process and successful national and global trading. A better indulgent of HS Code India plays a very relevant role in order to grow new market trend and make overall trade process easy and comfortable. This is the best coding system that is adopted in Indian industry of import-export for trading commodities.

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