Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code is an inevitable aspect in the import export commerce. It is a unique numerical code sent to various products and commodities Documents required for Import Export Code Registration Online while shipping from nation to another. In order to 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 by the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import function. It is an eight digit code which been developed at par with the international coding system to suit the requirements of the international trading community from the country. The code is basically, a special ID assigned to a particular trading product, which is through more than 200 countries across society.

DGFT India in the governing authority that provides the changes or formulation or addition of new codes the actual existing harmonized code listing. The authority performs periodical activities like commodity description, weeding the defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, may a number 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. 1 of these 21 sections is further put 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 to mention the particular code involving his product in all the forms and also important paperwork that must be filled up at time of import export. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are finished in experience of the code mentioned ultimately papers. Hence one know that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, end up being have been very troublesome for participants to watch for a particular segment of merchandise. The list presents the whole of the product coding with amount of categories, simplifying your responsibilities of importers and exporters. You could access this code list over the world wide web with the internet data businesses like Infodrive The indian subcontinent. Besides providing a detailed HS tariff list, the company has also provided an interior search box for searching the codes of particular goods by way of entering the product’s such as :.