Harmonized Code List an Integral Part of the Import and export Trade

Harmonized code or HS Code can be an inevitable aspect of this import export trade. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. Its used to describe particular goods your past import export trading platform.

The ITC HS Code List or India harmonized code list is regulated and maintained from the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import procedure. It is an eight digit code which been developed at par with the international coding system to suit vehicle of the international trading community belonging to the country. The code is basically, a fashionable ID assigned a new particular trading product, which is by simply more than 200 countries across earth.

dgft IEC Registration Online India India in the governing authority that covers the changes or formulation or addition of new codes in existing harmonized code list of reasons. The authority carries out periodical pursuits like commodity description, weeding beyond defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, which is a bunch of such codes classified under 21 pieces. The 21 sections include Animals & Animal Products; Vegetable Products; Animal or Vegetable Fats; Prepared Foodstuffs; Mineral Products; Chemical Products; Plastics & Rubber; Hides & Skins; Wood & Wood Products; Wood Pulp Products; Textiles & Textile Articles; Footwear, Headgear; Articles Of Stone, Plaster, Cement, Asbestos; Pearls, Precious Or Semi-Precious Stones, Metals; Base Metals & Articles Thereof; Machinery & Mechanical Appliances; Transportation Equipment; Instruments – Measuring, Musical; Arms & Ammunition; Miscellaneous; and Works Of Art. 1 of these 21 sections is further divided into 98 chapters. The chapters are further separated into sub-headings to which particular HS Codes for several products are mentioned.

Every trader dealing in international market has to say the particular code associated with his product in all the forms because important paperwork that needs to filled up at the time of import export. All the attached activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are executed in experience with the code mentioned ultimately papers. Hence one know that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, it have been very troublesome for participants to track down a particular segment of products. The list presents the entire product coding with a number of categories, simplifying the duty of importers and exporters. You could access this code list over the internet with the internet data brands like Infodrive Of india. Besides providing an end HS tariff list, the corporation has also provided an indoor search box for searching the codes of particular goods by way of entering the product’s such as :.