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Home Economy

Indian Trade Classification based on Harmonized System of Coding (ITCHS)

March 16, 2021
in Economy
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Indian Trade Classification based on Harmonized System of Coding (ITCHS)
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About Indian Trade Classification based on Harmonized System of Coding (ITCHS)

  • ITC-HS Codes or better known as Indian Trade Classification based on Harmonized System of Coding was adopted in India for import-export operations. 
  • Indian custom uses an eight digit ITC-HS Codes to suit the national trade requirements.

ITC-HS Codes Schedules

  • ITC-HS codes are divided into two schedules. 
  • ITC(HS) Import Schedule I 
    • Describe the rules and guidelines related to import policies.
    • Schedule I of the ITC-HS code is divided into 21 sections and each section is further divided into chapters. 
    • The total number of chapters in the schedule I is 98. 
  • ITC(HS) Export Schedule II 
    • Describes the rules and regulation related to export policies. 
    • Export Policy Schedule II of the ITC-HS code contains 97 chapters giving all the details about the guidelines related to the export policies.

Governing Body of ITC (HS) Code:

  • Any changes or formulation or addition of new codes in ITC-HS Codes are carried out by DGFT (Directorate General of Foreign Trade). 
  • Commodity description, weeding out of defunct codes, addition of new codes, change of product description etc., are taken up periodically as a part of the ongoing process towards perfection.

ITC Hs Code Major 21 Sections

  1. Animals & Animal Products
  2. Vegetable Products
  3. Animal Or Vegetable Fats
  4. Prepared Foodstuffs
  5. Mineral Products
  6. Chemical Products
  7. Plastics & Rubber
  8. Hides & Skins
  9. Wood & Wood Products
  10. Wood Pulp Products
  11. Textiles & Textile Articles
  12. Footwear, Headgear
  13. Articles Of Stone, Plaster, Cement, Asbestos
  14. Pearls, Precious Or Semi-Precious Stones, Metals
  15. Base Metals & Articles Thereof
  16. Machinery & Mechanical Appliances
  17. Transportation Equipment
  18. Instruments – Measuring, Musical
  19. Arms & Ammunition
  20. Miscellaneous
  21. Works Of Art
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Source: PIB and dgft.org
Tags: PIBPrelims

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