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Adoption of 8 Digit Customs Code-Reg.

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.... all others concerned are hereby informed that a new 8 digit classification code has been adopted for levy of Customs duty with effect from 1st February, 2003. At present, different Government Agencies adopt different commodity classification codes for the purpose of classification of commodities, for tax purposes, deciding the importability of a product, compilation of trade statistics and vario....

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Full Text of the Document

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....003. The proposed code is entirely based on 6 digit HSN based code. Taking into account commodities which are of special significance to the country's needs, 6 digit entries are further split up into 8 digit entries wherever required. There is no change in the scope of headings (4 digit) and sub-headings (6 digit). Section Notes and Chapter Notes are retained as it is without any change. Howev....

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Full Text of the Document

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....de and industry, various Ministries in the Government of India and customs field formations. The common classification will ensure smoother clearances of imported goods and help in getting more specific data on commodities of special significance to India and sharing of those data among various agencies. This is necessary for computerization of tax administration and electronic data sharing. At p....