Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code a good inevitable aspect for the import export commerce. It is a unique numerical code sent to various products and commodities required while shipping from nation to another. Is used to describe particular goods regarding 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 operations. It is an eight digit code provides been developed at par with the international coding system to suit the requirements of the international trading community from the country. The code is basically, a special ID assigned to a particular trading product, which is through more than 200 countries across society.

dgft IE Code Registration Online India India in the governing authority that takes care of the changes or formulation or addition of new codes the actual existing harmonized code listing. The authority performs periodical activities like commodity description, weeding the defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, and also a range of such codes classified under 21 business units. 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 split up into 98 chapters. The chapters are further separated into sub-headings this agreement particular HS Codes for several products are mentioned.

Every trader dealing in international market has post the particular code involving his product in all of 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 perhaps the exemption of commodities, are carried out in hitting the ground with the code mentioned ultimately papers. Hence one can say that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, it would have been very troublesome for participants to track down a particular segment of items. The list presents the full product coding with a number of categories, simplifying the procedure of importers and exporters. You in many cases can access this code list over the internet with the online data the likes of Infodrive Of india. Besides providing additional HS tariff list, the corporate has also provided an inside search box for searching the codes of particular goods simply by entering the product’s such as :.