Harmonized Code List an Integral Part of the Export import 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. It is 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 action. It is an eight digit code which has been developed at par with the international coding system to suit the requirements of the international trading community for the country. The code is basically, a rare ID assigned a new particular trading product, which is utilized by more than 200 countries across earth.

dgft IE Code Online Application Procedure India India in the governing authority that covers the changes or formulation or addition of new codes in existing harmonized code list of reasons. The authority carries out periodical activities like commodity description, weeding beyond defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, and also a collection 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. Each of these 21 sections is further put into 98 chapters. The chapters are further put into sub-headings under which particular HS Codes for several products are mentioned.

Every trader dealing in international market has post the particular code number of his product in all 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 perhaps the exemption of commodities, are executed in experience with the code mentioned inside of the papers. Hence one can tell 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 the traders to search for a particular segment of items. The list presents the product coding with variety of categories, simplifying your responsibilities of importers and exporters. You can potentially access this code list over the net with the internet data businesses like Infodrive Indian. Besides providing additional HS tariff list, the company has also provided an inside search box for searching the codes of particular goods by way of entering the product’s such as :.