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

Harmonized code or HS Code is an inevitable aspect of the import export trade. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. 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 techniques. It is an eight digit code which has been developed at par with the international coding system to suit automobile of the international trading community on the country. The code is basically, a unique ID assigned to a particular trading product, which is used by more than 200 countries across society.

dgft IEC Registration Online India India in the governing authority that attends to the changes or formulation or addition of new codes the actual existing harmonized code list. The authority performs periodical pursuits like commodity description, weeding out of defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, and also a number of such codes classified under 21 parts. 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. All of these 21 sections is further separated into 98 chapters. The chapters are further put into sub-headings to which particular HS Codes for several products are mentioned.

Every trader dealing in international market has to say the particular code regarding his product in all of the forms and other important paperwork that needs to 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 performed in example of the code mentioned in the papers. Hence one can tell that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, it would have been very troublesome for the traders to watch for a particular segment of merchandise. The list presents the full product coding with variety of of categories, simplifying the procedure of importers and exporters. You can potentially access this code list over the internet with the internet data businesses like Infodrive Indian. Besides providing additional HS tariff list, the corporation has also provided an enclosed search box for searching the codes of particular goods because of entering the product’s makers.