What is ITC 4 digit code?

So ITC has been classified as first four-digit code called ‘heading’ and every six digit code called ‘subheading’ and 8-digit code called ‘Tariff Item’. This addition is done, within the permissible limit of World Customs Organization – WCO, without any changes in H.S. code system.

What is the ITC code?

ITC means Indian Trade Classification – also known as Indian Tariff Code. HS refers to the Harmonised System of Nomenclature – the codes used worldwide to categorise and identify different products. HS codes have 6 digits. The ITC-HS code takes these 6 digits, and then adds a further 2 for clarity.

How do I find the HS code for my product?

In the US, you can look up the Harmonised Tariff Schedule on the ITC website. Once you get to the list, click on the relevant chapter and search through the headings and subheadings to find the right HS code for your product.

How many digits is a tariff code?

This means the UK Global Tariff (UKGT) has been simplified and around 6000 numbers that exist in the EU Tariff have been removed. The UK will require 10-digits to be declared on an import entry from January 2021 and where the UKGT shows only 8 digits then you should add “00” to the end to turn it into an import code.

How do I read my ITC HS Code?

In an eight digit EXIM Code, the first two digits represent the Chapter, followed by two digits for the Heading, two digits for Sub-heading and another two digit developed in India under the common classification system for the Item.

What is ITC 8 digit code?

ITC-HS Codes or better known as Indian Trade Clarification 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 are divided into two schedules.

How do you write HS Code?

The first two digits designate the HS Chapter. The second two digits designate the HS heading. The third two digits designate the HS subheading. HS code 1006.30, for example indicates Chapter 10 (Cereals), Heading 06 (Rice), and Subheading 30 (Semi-milled or wholly milled rice, whether or not polished or glazed).

What is harmonization number?

A Harmonization Number is a specific designation that the international mailing system assigns to products, so they can keep records of the types of items being imported into foreign countries.

How do I get a tariff number?

Here are some ways to identify the tariff classification number of your product:

  1. Discuss the product with a commodity specialist.
  2. Access the HTSUS online.
  3. Contact the port director where your merchandise will be entered.
  4. Write to U.S. Customs and Border Protection.

How many digits are there in ITC HS Code?

Indian custom uses an eight digit ITC-HS Codes to suit the national trade requirements.

What is Cth number?

CTH is the abbreviation of “Change of Tariff Heading” A product is considered to be sufficiently worked or processed when it is classified in a. 4-digit level of the Harmonized System, i.e. heading, which is different from those in. which all the non-originating materials used in its manufacture are classified.

What kind of information can be reported in XBRL?

XBRL allows for reporting textual information by a company. Textual information like Director’s Report, Auditor Report, etc can be provided in XBRL by using the HTML guidelines and detailed tagging requirements. HTML guidelines, which are required to be adhered, have been provided in the ‘Filing Manual’.

Is there a validation tool for XBRL document?

MCA will provide a Validation Tool to provide a facility for validation of the instance document and filing of the same on the MCA Website. However, please note that MCA is not recommending any specific XBRL software. 2. How to retype ‘Notes to Accounts and Statements’ in XBRL document?

When was last update of ITC HS code list?

ITC HS CODE List and India Harmonised System Product classification codes. ITC HS CODE List and India Harmonised System Product classification codes. Information Valid and Updated till 02 Sep 2021. Last Update Made 05 th January, 2017. (Chapter 1 – 5 ) – Section I-Live Animals; Animal Products

Where can I get MCA XBRL training in India?

Training will be held over the next few months in most leading cities of India. Details of the same will be available on website http://www.mca.gov.in/XBRL/. Professional Institutes, viz., ICAI, ICSI & ICWAI have also been advised to develop MCA XBRL filing related relevant resource materials.