Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code is an inevitable aspect in the Import Export Code Online Registration India export make trades. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. Its 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 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 provides 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 good ID assigned a new particular trading product, which is through more than 200 countries across the planet.

DGFT India in the governing authority that covers the changes or formulation or addition of new codes in existing harmonized code place. The authority performs periodical activities like commodity description, weeding out of defunct codes, addition most recent codes, change of product description etc. It maintains the harmonized code list, along with that is a collection 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 broken into 98 sections. The chapters are further separated into sub-headings under which particular HS Codes for several products are mentioned.

Every trader dealing in international market has to note the particular code involving his product in all the forms and also important paperwork that needs to filled up at time of import and export. All the related activities like customs duty or excise duty or drawback rates or perhaps the exemption of commodities, are executed in example of the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, always be have been very troublesome for the traders to search for a particular segment of merchandise. The list presents the product coding with variety of categories, simplifying the procedure of importers and exporters. You can potentially access this code list over the online world with the internet data brands like Infodrive The indian subcontinent. Besides providing a detailed HS tariff list, vehicle has also provided an enclosed search box for searching the codes of particular goods it really is quite entering the product’s companies.