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

Harmonized code or HS Code a great inevitable aspect of the import export commerce. It is a unique numerical code sent to various products and commodities required while shipping from one country 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 by the 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 rare ID assigned a new particular trading product, which is utilized by more than 200 countries across the planet.

dgft IE Code Online Registration in India India in the governing authority that covers the changes or formulation or addition of new codes regarding existing harmonized code listing. The authority performs periodical pursuits like commodity description, weeding out of defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, which is a range 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 separated into 98 chapters. The chapters are further split into sub-headings under which particular HS Codes to target other products are mentioned.

Every trader dealing in international market has to bring up the particular code connected with his product in all the forms as well important paperwork that needs to filled up at period of export import. All the attached activities like customs duty or excise duty or drawback rates or even exemption of commodities, are carried out in hitting the ground with the code mentioned inside of the papers. Hence one know that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, it would have been very troublesome for the traders to track down a particular segment of merchandise. The list presents the full product coding with a lot of of categories, simplifying the duty of importers and exporters. You in many cases can access this code list over the internet with the online data the likes of Infodrive India. Besides providing an end HS tariff list, the corporation has also provided an indoor search box for searching the codes of particular goods by way of entering the product’s bands.