Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code can be an inevitable aspect of the import export trade. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. It is 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 your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import operations. It is an eight digit code provides been developed at par with the international coding system to suit automobile of the international trading community belonging to the country. The code is basically, a unique ID assigned the particular trading product, which is utilized by more than 200 countries across the planet.

dgft IE Code Registration Online India India in the governing authority that provides the changes or formulation or addition of new codes in the existing harmonized code list. The authority does periodical pursuits like commodity description, weeding the actual defunct codes, addition of brand new codes, change of product description etc. It maintains the harmonized code list, and also a collection 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. Both these 21 sections is further put into 98 sections. The chapters are further put into sub-headings this agreement particular HS Codes for different products are mentioned.

Every trader dealing in international market has to note the particular code involving his product in all the forms along with important paperwork that to be able to filled up at period of import export. All the related activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are finished in example of the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, always be have been very troublesome for participants to search for a particular segment of merchandise. The list presents the sum of the product coding with a number of categories, simplifying a job of importers and exporters. You could access this code list over the world wide web with the online data brands like Infodrive Indian. Besides providing a comprehensive HS tariff list, organization has also provided an inside search box for searching the codes of particular goods by way of entering the product’s makers.