ITC HS Code List or India Harmonised Code System in India issued by DGFT India. HS Classification Code known as exim product code or Export Import Product Indian custom uses an eight digit ITC-HS Codes to suit the national trade.
Table of contents
- How You Use the HS Code
- HS Codes – MPEDA
- HSN Code List & GST Rate Finder
- HS Code India List 2021 PDF
To determine whether a license is needed to import a particular commercial product or service, an importer must first classify the item by identifying its Indian Trading Clarification based on a Harmonized System of Coding or ITC HS classification.
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The ITC-HS code, issued by the DGFT, is an 8-digit alphanumeric code representing a certain class or category of goods, which allows the importer to follow regulations concerned with those goods. An import license may be either a general license or specific license. Under a general license, goods can be imported from any country, whereas a specific or individual license authorizes import only from specific countries. Import licenses are used in import clearance, renewable, and typically valid for 24 months for capital goods or 18 months for raw materials components, consumables, and spare parts.
File Bill of Entry and other documents to complete customs clearing formalities. A Bill of Entry gives information on the exact nature, precise quantity, and value of goods that have landed or entered inwards in the country.
If the goods are cleared through the Electronic Data Interchange EDI system, no formal Bill of Entry is filed as it is generated in the computer system. However, the importer must file a cargo declaration after prescribing particulars required for processing of the entry for customs clearance. If the Bill of Entry is filed without using the EDI system, the importer is required to submit supporting documents that include certificate of origin, certificate of inspection, bill of exchange, commercial invoice cum packing list, among others.
How You Use the HS Code
Once the goods are shipped, the customs officials examine and assess the information furnished in the bill of entry and match it with the imported items. India levies basic customs duty on imported goods, as specified in the first schedule of the Customs tariff Act, , along with goods-specific duties such as anti-dumping duty, safeguard duty, and social welfare surcharge.
Just as for imports, a company planning to engage in export activities is required to obtain an IEC number from the regional joint DGFT. After obtaining the IEC, the exporter needs to ensure that all the legal compliances are met under different trade laws.
Further, the exporter must check if an export license is required, and accordingly apply for the license to the DGFT. Businesses are required to submit a set of documents for carrying out export and import activities in India. These include commercial documents — the ones exchanged between the buyer and seller, and regulatory documents that deal with various regulatory authorities such as the customs, excise, licensing authorities, as well as the export promotion bodies that help avail export import benefits.
The Foreign Trade Policy, mandates the following commercial documents for carrying out importing and exporting activities:. The next two digits HS-6 are even more specific, e. Up to the HS-6 digit level, all countries classify products in the same way a few exceptions exist where some countries apply old versions of the HS. The Harmonized System was introduce d in and has been adopted by most of the countries worldwide. It has undergone several changes in the classification of products. These changes are called revisions and entered into force in , , , and Detailed amendments to each HS nomenclature are available at attachment links below.
Amendments to Harmonized Commodity Description and Coding System, which have been accepted as result of the Customs Co-operation Council Recommendation of 27 June and 11 June , will enter into force on 1 January and 1 January , respectively. The complementary amendments of 11 June is to take into account of the necessary corrections and some further amendments in respect to heading The recommendations include sets of amendments in various sectors as follows: agricultural, chemical, wood, textile, base metal, machinery, transport and other sectors.
HS Codes – MPEDA
The amendments were not only motivated by changes in technology i. More detailed information with regard to the amendments is available from WCO website. Correspondence Tables. The amendments split, merge, change in scope between the latest HS edition and its previous edition are maintained by WCO. WCO Reused Codes. It is unlikely that discontinued HS codes are to be used in later editions, nevertheless it is possible.
Chapter 71 Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin.
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Chapter 72 Iron and steel Chapter 73 Articles of iron or steel Chapter 74 Copper and articles thereof Chapter 75 Nickel and articles thereof Chapter 76 Aluminum and articles thereof Chapter 77 Reserved for possible future use Chapter 78 Lead and articles thereof Chapter 79 Zinc and articles thereof Chapter 80 Tin and articles thereof Chapter 81 Other base metals; cermets; articles thereof Chapter 82 Tools, implements, cutlery, spoons, and forks, of base metal; parts thereof of base metal Chapter 83 Miscellaneous articles of base metal.
Chapter 84 Nuclear reactors, boilers, machinery, and mechanical appliances; parts thereof Chapter 85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles. Chapter 86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical including electro-mechanical traffic signaling equipment of all kinds Chapter 87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof Chapter 88 Aircraft, spacecraft, and parts thereof Chapter 89 Ships, boats and floating structures.
Chapter 90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments, and apparatus; parts and accessories thereof Chapter 91 Clocks and watches and parts thereof Chapter 92 Musical instruments; parts and accessories of such articles. Chapter 93 Arms and ammunition; parts and accessories thereof. Chapter 94 Furniture; bedding, mattresses, mattress supports, cushions, and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated buildings Chapter 95 Toys, games and sports requisites; parts and accessories thereof Chapter 96 Miscellaneous manufactured articles.
Since GST returns are completely automated, it will be hard for the dealers to upload the description of the products being supplied. Hence, HSN Codes shall be automatically picked up from the registration details of the dealer and will reduce the efforts thereby.
HSN Code List & GST Rate Finder
It will lead to the harmonisation of customs and trade procedures, thereby minimising the costs related to international trade. On entering the HSN codes, the system will automatically pick up the related tax rates of the commodities under the GST regime, thus simplifying the trade procedures. Having a perfect accounting experience of more than 10 years in a Private Company. Tags: gst hsn code list , gst hsn list , gst rate with hsn code , gst rates for hsn code , hs code list , hsn code list with gst rates , list of hs code , list of hsn code , list of hsn codes.
HS Code India List 2021 PDF
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