Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code is an inevitable aspect of this import export commerce. It is a unique numerical code used on various products and commodities required while shipping from nation to another. Around the globe used to describe particular goods in the import export trading platform.

The ITC HS Code List or India harmonized code list is regulated and maintained from your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import procedure. It is an eight digit code which 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 to a particular trading product, which is used by more than 200 countries across entire world.

dgft IE Code Registration Online India India in the governing authority that attends to the changes or formulation or addition of new codes regarding existing harmonized code list of reasons. The authority does periodical pursuits like commodity description, weeding the actual defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, may a bunch of such codes classified under 21 pieces. 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 split up into sub-headings under which particular HS Codes for different products are mentioned.

Every trader dealing in international market has to bring up the particular code regarding his product in all of the forms as well important paperwork that needs to filled up at period of import and export. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are performed 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, always be have been very troublesome for participants to watch for a particular segment of merchandise. The list presents the full product coding with a number of categories, simplifying your responsibilities 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 a complete HS tariff list, organization has also provided an internal search box for searching the codes of particular goods by way of entering the product’s names.