Indian trade classification harmonized commodity description and coding system. ITC means Indian Trade Classification, also known as Indian Tariff Code (ITC). This schedule has two parts – First schedule with an eight digit nomenclature and the second schedule with description of goods chargeable to export duty. The first schedule is based on H.S code system. The Indian Tariff Code.

Indian trade classification harmonized commodity description and coding system

Indian Tariff Classification and Export Import Policy Of India

Indian trade classification harmonized commodity description and coding system. The data refers to details on Import Export Classification, ITC (HS) Code and Import Policy. ITC (HS) codes are better known as Indian Trade Clarification (ITC) and are based on Harmonized System (HS) of Coding. It was adopted in India for import-export operations. Indian custom uses an eight digit ITC (HS) code to suit.

Indian trade classification harmonized commodity description and coding system


The information provided here is part of Online export import business guide course. Export benefit schemes in India. Export procedures and documentation. Export benefit schemes from Export Promotion Councils. HS code, a brief idea. HS code means Harmonized System Code. HS code description and coding System was created by the World Customs Organization WCO to categorize goods into approximately 5, commodity groups, which is accepted and implementing by more than countries worldwide.

Some of you may get confused about the number of digits in HS code. Does HS code contain 2 digit, 4 digits,6 digits,8 digits or 10 digits. Let me explain in simple language to make you understand easily about HS code which is also known as HTS code. First two digits called 'Chapters', First four digits is called 'heading' and six digits 'sub heading'.

Let me once again simplify with an example. I hope, I could make you understand easily. However, each country can modify by adding two digits or four digits as per their requirements without changing first six digits.

So Countries which use the Harmonized Systems Codes are allowed to define commodities at a more detailed level than 6 digits, but all definitions must be within that 6 digit framework. Here, the classification under first 6 digits remains same without violating common code of WCO, but additional 4 digits are categorized in more detailed level.

I have written an article to have a brief idea about the difference between HS code and ITC code in this web blog. GST Exemption list of goods and services. How to settle dispute in Exports and Imports? What are the risks and solutions in Export Business? How to export your product?

How to import your product? How to protect parties each other in triangular exports Is letter of credit safe mode of payment? How does Letter of Credit work? How does STP units work in India? What does LCL mean? Thursday, July 10, thanks it was very helpful. Ismael Rodrigo Schneider Says: Saturday, July 26, Good!

Should I use a 10 digit code to export to USA? Should I reduce it to 8 to export to India? Thank you very much! Wednesday, August 13, Thanks! That was very informative! Monday, September 29, You express in excellent simple english that is very much useful as well as helpful for the beginners to understand that import export is so easy and smooth business.

Wednesday, October 15, Dear sir, Thank you so much sir. Wednesday, February 11, I know international trade arena is vast and not easy to cover everything. However ,you covered most of the aspects of foreign trade in a simple manner. Is there any customs assessment like sales tax and IT?

Can you please provide us a master check list so that we can follow one by one? You may please quote for the services.

Provide me bank details. I will do the need. Hope to associate for future business. Wednesday, February 11, I have gone through your blog of How to import and export, its really motivating for me. Actually i am a graduate and planning to start the export business. Now i understood the process that before starting i need to register my firm and for that need to select the products.

Can u pls guide in selecting the product and market. I am interested in agro products. Wednesday, February 11, I seen your website www. It is a very helpful website to understand deeply about export and import. I am planning to start some particular cosmetic products exporting to Malaysia. I got some orders too for this.

On this as you are a consultancy, i would like to know what all services and guidance you are providing for this? I had gone through your website and had learned a lot from it.

I want to know where should i register my Import export house to get maximum benefits for exports like Focus market scheme, Duty drawback, etc I had just send an consignment to Zambia.

Please guide me in this regard. Wednesday, April 22, Thanks a lot, Your article is really helpful. Wish u the best of luck, health and wealth: Saturday, August 08, can anyone help me with this i will be importing a4 paper from china i wanted to know that is the custom duty on paper calculated on weight in india and whats the calculation thanks Bhavin Sidpara Says: Friday, August 21, Thanks for this article This is very useful for me and my other friends sandeep savaliya Says: So, here i want to know is there any books or materials from you as hard copy.

Could you please advice me on below points. Is it treated as a import or back to town ,We shall responsible only to pay excise duty or customs duty will also applicable, Complete procedure for this transaction? Wednesday, October 14, I am a reader of your website: How to export import.

I am a beginner of Export field. I was studied many articles and learnt morethings about export from your website only. This is really very helpful all exporter and importers. Now i have a doubt. Pl kindly clarify this doubt. This is my humble request. Few of suppliers are asking my buyers Purchase order for exemption of Tax.

Some other suppliers are asking to submit H form along with bill of lading documents for tax exemption 2 Some suppliers purposely want to know the buyers address and all. If i give all documents to them my business secracy will be out. In this situation how to i prevent my Business Secrets from them? My Question is If i purchase the goods in my CST number from supplier, am i eligible to claim tax exemption directly with sale tax department?. This is correct or not.

My intention is i don't want to show my business secrets with suppliers. As you know that if i show my buyers address to suppliers, what will happen in future!!!!! Whether buyer or Commercial Sales tax department? This is my clarification. Since I kindly request you to pl clarify my doubts at the earliest raghu vrr Says: Thursday, October 15, Sir I want to start a export business and even I don't know basics about exports and imports business.

I am fully satisfied with the information. I studied here too many terms one by one. Friday, February 05, Many many thanks,sir yr article is very helpful in my import and export business life. Thursday, March 03, Thank you for sharing your ideas here. It was helpful for me too. I will be waiting for your new texts. Wishing you the best! Wednesday, October 05, Hi, I want to export nuts herbal , how and from where can I procure HS code in India and how much would it costs?

Tuesday, December 27, Hi, we starts exporting in different countries. We were thinking about using one same invoice framework for all countries, and therefore using the 6-digits HS code.

Is it mandatory to mentionned these 8-digits HS code? Or is it okay if we stay with the 6-digits? Friday, March 10, Hi. I would like to import an engine and I have found the HS code for it.

My question is if that engine is slightly used, will it be covered under same HS code.


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