Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code a great inevitable aspect within the import export trade. It is a unique numerical code assigned to various products and commodities required while shipping from nation to another. In order to 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 your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import operations. It is an eight digit code which includes been developed at par with the international coding system to suit automobile of the international trading community for the country. The code is basically, a fashionable ID assigned the particular trading product, which is used by more than 200 countries across earth.

dgft IE Code Online Registration in India India in the governing authority that provides the changes or formulation or addition of new codes previously existing harmonized code list of reasons. The authority performs periodical pursuits like commodity description, weeding the defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, which is a collection 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. Every these 21 sections is further split up into 98 sections. The chapters are further split up into sub-headings this agreement particular HS Codes many products are mentioned.

Every trader dealing in international market has to say the particular code number of his product in all of the forms and other important paperwork that must be filled up at the time of import export. All the attached activities like customs duty or excise duty or drawback rates or even exemption of commodities, are finished in reference to the code mentioned inside the papers. Hence one can say that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, it have been very troublesome for the traders to watch for a particular segment of merchandise. The list presents the full product coding with variety of of categories, simplifying the procedure of importers and exporters. You can easily access this code list over the net with the internet data brands like Infodrive Of india. Besides providing a comprehensive HS tariff list, the company has also provided an internal search box for searching the codes of particular goods it really is quite entering the product’s such as :.