Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code a good inevitable aspect of this import export commerce. It is a unique numerical code allotted to various products and commodities required while shipping from nation to another. Is used to describe particular goods within the Import Export Code Online Registration India export trading platform.

The ITC HS Code List or India harmonized code list is regulated and maintained through 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 that has been developed at par with the international coding system to suit vehicle of the international trading community on the country. The code is basically, a fashionable ID assigned using a particular trading product, which is used by more than 200 countries across entire world.

DGFT India in the governing authority that looks after the changes or formulation or addition of new codes regarding existing harmonized code list. The authority carries out periodical activities like commodity description, weeding the particular defunct codes, addition of the latest codes, change of product description etc. It maintains the harmonized code list, may a number of such codes classified under 21 sections. 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 put 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 bring up the particular code regarding his product in all of the forms and also important paperwork that become filled up at time of import export. All the related activities like customs duty or excise duty or drawback rates or even exemption of commodities, are carried out in experience with the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, end up being have been very troublesome for participants to search for a particular segment of products. The list presents the entire product coding with variety of of categories, simplifying your responsibilities of importers and exporters. You can potentially access this code list over the web with the online data manufacturers like Infodrive Of india. Besides providing an end HS tariff list, the corporate has also provided an enclosed search box for searching the codes of particular goods it really is quite entering the product’s names.