Textile Industries

1. Harmonized System (HS) Code

  • Recently, Khadi has been allocated a separate Harmonized System (HS) code by the Ministry of Commerce and Industry.
  • Harmonized System is a six-digit identification code developed by the WCO (World Customs Organization).
  • It allows participating countries to classify traded goods on a common basis for customs purposes.
  • Customs organizations use this code to clear every commodity that enters or crosses any international border.
  • India has 8-digit Indian Trade classification (HS) code based on Harmonised System of Coding.
  • WCO is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations.

Impact

  • Before the Harmonized ....
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