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

Harmonized code or HS Code a good inevitable aspect of this import export trade. It is a unique numerical code allotted to various products and commodities required while shipping from nation to another. In order to used to describe particular goods your 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 operations. It is an eight digit code which includes 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 special ID assigned a new particular trading product, which is through more than 200 countries across the planet.

dgft IE Code Online Registration in India India in the governing authority that attends to the changes or formulation or addition of new codes previously existing harmonized code list. The authority carries out periodical activities like commodity description, weeding the defunct codes, addition of recent codes, change of product description etc. It maintains the harmonized code list, along with that is a range 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 split up into 98 sections. The chapters are further separated into sub-headings to which particular HS Codes to target other products are mentioned.

Every trader dealing in international market has post the particular code involving his product in all of the forms and other important paperwork that become filled up at time of export import. All the related activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are executed in experience of the code mentioned inside the papers. Hence one know that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, always be have been very troublesome for participants to search for a particular segment of products. The list presents the 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 online world with the online data companies like Infodrive The indian subcontinent. Besides providing a comprehensive 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 makers.