Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code is actually inevitable aspect in the import export make trades. It is a unique numerical code used on various products and commodities required while shipping from one country to another. 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 from the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import techniques. It is an eight digit code provides been developed at par with the international coding system to suit vehicle of the international trading community belonging to the country. The code is basically, a fashionable ID assigned a new particular trading product, which is through more than 200 countries across entire world.

dgft IE Code Online Application Procedure India India in the governing authority that takes care of the changes or formulation or addition of new codes the actual existing harmonized code listing. The authority does periodical activities like commodity description, weeding the actual defunct codes, addition of recent codes, change of product description etc. It maintains the harmonized code list, along with that is a number 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. 1 of these 21 sections is further separated into 98 chapters. The chapters are further put into sub-headings to which particular HS Codes to target different products are mentioned.

Every trader dealing in international market has post the particular code regarding his product in all the forms because important paperwork that must be filled up at time of export import. All the related activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are performed in experience of the code mentioned ultimately papers. Hence one can say that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, it would have been very troublesome for the traders to investigation for a particular segment of products. The list presents the full product coding with a number of categories, simplifying your responsibilities of importers and exporters. You is likely to access this code list over the web with the internet data brands like Infodrive The indian subcontinent. Besides providing a detailed HS tariff list, the corporation has also provided an enclosed search box for searching the codes of particular goods simply by entering the product’s such as :.