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

Harmonized code or HS Code a good inevitable aspect within the import export dealings. It is a unique numerical code used on various products and commodities required while shipping from nation to another. Around the globe 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 your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import action. It is an eight digit code provides 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 rare ID assigned to a particular trading product, which is by simply more than 200 countries across the world.

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 listing. The authority carries out periodical activities like commodity description, weeding the particular defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, along with that is a selection 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. Each of these 21 sections is further divided into 98 chapters. The chapters are further put into sub-headings under which particular HS Codes for different products are mentioned.

Every trader dealing in international market has to mention the particular code number of his product in all the forms because important paperwork that needs to filled up at time of import and export. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are carried out in reference to the code mentioned inside the papers. Hence one can tell that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, might have been very troublesome for participants to investigation for a particular segment of items. The list presents the sum of the product coding with variety of of categories, simplifying the procedure of importers and exporters. You can easily access this code list over the net with the internet data brands like Infodrive India. Besides providing a complete HS tariff list, the corporate has also provided an enclosed search box for searching the codes of particular goods simply by entering the product’s such as :.