Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code is actually inevitable aspect of the import export trade. It is a unique numerical code sent to various products and commodities Documents required for Import Export Code Registration Online while shipping from one country to another. In order to used to describe particular goods your past import export trading platform.

The ITC HS Code List or India harmonized code list is regulated and maintained by the 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 that has been developed at par with the international coding system to suit the requirements of the international trading community belonging to the country. The code is basically, a fashionable ID assigned to a particular trading product, which is by simply more than 200 countries across entire world.

DGFT India in the governing authority that covers the changes or formulation or addition of new codes regarding existing harmonized code guidelines. The authority does periodical pursuits like commodity description, weeding the defunct codes, addition of brand new codes, change of description of product etc. It maintains the harmonized code list, may a selection 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 split up into 98 chapters. The chapters are further divided into sub-headings this agreement particular HS Codes for different products are mentioned.

Every trader dealing in international market has post the particular code associated with his product in all the forms and also important paperwork that to be able to filled up at the time of import and export. All the related activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are performed in hitting the ground with 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, it would have been very troublesome for participants to watch for a particular segment of merchandise. The list presents the entire product coding with amount of categories, simplifying the duty of importers and exporters. You is likely to access this code list over the web with the online data companies like Infodrive India. Besides providing an end HS tariff list, vehicle has also provided an indoor search box for searching the codes of particular goods because of entering the product’s names.