Khadi gets separate HS code

2 min read

News:The Ministry of Commerce and Industry has allocated separate HS code for Khadi to boost exports of this signature fabric of India.

Facts:

About HS Code:

  • HS stands for Harmonized System and was developed by the World Customs Organization (WCO). 
  • The code is used by customs officers to clear commodities entering or crossing international borders.
  • The code aids countries in the collection of international trade statistics and forms a basis for customs tariffs.This helps in better reach of the product and increases its global popularity.

Additional information:

About WCO:

  • The WCO is an inter governmental organization headquartered in Brussels,Belgium.It was founded in 1952. 
  • It administers the technical aspects of WTO, agreements on customs valuation and rules of origin
  • WCO represents 182 Customs administrations across the globe that collectively process approximately 98% of world trade.

About Khadi:

  • Khadi refers to hand-spun and hand-woven cloth.The raw materials may be cotton, silk, or wool, which are spun into threads on a charkha.
  • Khadi was launched in 1920 as a political weapon in the Swadeshi movement of Mahatma Gandhi.