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

Harmonized code or HS Code can be an inevitable aspect for the import export make trades. 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 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 which includes been developed at par with the international coding system to suit the requirements of the international trading community for the country. The code is basically, a unique ID assigned using a particular trading product, which is utilized by more than 200 countries across the world.

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 carries out periodical pursuits like commodity description, weeding out of defunct codes, addition of brand new codes, change of description of product etc. It maintains the harmonized code list, along with that is a number 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. Every these 21 sections is further separated into 98 chapters. The chapters are further put into sub-headings this agreement particular HS Codes many products are mentioned.

Every trader dealing in international market has post the particular code connected with his product in all the forms along with important paperwork that must be filled up at the time of import export. All the attached activities like customs duty or excise duty or drawback rates or even exemption of commodities, are executed in experience of the code mentioned inside the papers. Hence one can tell that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, end up being have been very troublesome for participants to watch for a particular segment of items. The list presents the entire product coding with a lot of of categories, simplifying the procedure of importers and exporters. You in many cases can access this code list over the world wide web with the online data businesses like Infodrive Of india. Besides providing an end HS tariff list, the corporate has also provided an internal search box for searching the codes of particular goods it really is quite entering the product’s such as :.