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

Harmonized code or HS Code a good inevitable aspect of the import export dealings. It is a unique numerical code sent to various products and commodities required while shipping from nation to another. Is 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 the Director General of Foreign Trade or dgft IE Code Registration Online India India. The international coding system has been adopted in India for export import operations. It is an eight digit code that has been developed at par with the international coding system to suit the requirements of the international trading community on the country. The code is basically, a unique ID assigned the particular trading product, which is by simply more than 200 countries across the planet.

DGFT India in the governing authority that covers the changes or formulation or addition of new codes regarding existing harmonized code guidelines. The authority performs periodical pursuits like commodity description, weeding out of defunct codes, addition of brand new codes, change of product description etc. It maintains the harmonized code list, along with that is a selection 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. Each of these 21 sections is further split up into 98 chapters. The chapters are further split up into sub-headings this agreement particular HS Codes to target different products are mentioned.

Every trader dealing in international market has to bring up the particular code number of his product in all of the forms and other important paperwork that must be filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are carried out in example of the code mentioned inside the papers. Hence one can say that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, always be have been very troublesome for the traders to track down a particular segment of merchandise. The list presents the entire product coding with amount of categories, simplifying your responsibilities of importers and exporters. You can potentially access this code list over the world wide web with the internet data manufacturers like Infodrive The indian subcontinent. Besides providing a comprehensive HS tariff list, vehicle has also provided an indoor search box for searching the codes of particular goods it really is quite entering the product’s such as :.