Harmonized Code List an Integral Part of the Import export Trade

Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code a great inevitable aspect of this import export deal. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. Its 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 action. It is an eight digit code which been developed at par with the international coding system to suit automobile of the international trading community from the country. The code is basically, a special ID assigned a new particular trading product, which is through more than 200 countries across society.

dgft IE Code Online Registration in India India in the governing authority that looks after the changes or formulation or addition of new codes in existing harmonized code place. The authority performs periodical pursuits like commodity description, weeding out of defunct codes, addition of new codes, change of product description etc. It maintains the harmonized code list, which is a range of such codes classified under 21 business units. 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. Both these 21 sections is further divided into 98 sections. The chapters are further split up into sub-headings under which particular HS Codes to target other products are mentioned.

Every trader dealing in international market has to mention the particular code associated with his product in all the forms along with important paperwork that end up being filled up at time of import and export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are performed in hitting the ground with the code mentioned ultimately 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 the traders to search for a particular segment of merchandise. The list presents the whole of the product coding with a lot of of categories, simplifying the procedure of importers and exporters. You could access this code list over the internet with the internet data brands like Infodrive India. Besides providing a comprehensive HS tariff list, organization has also provided an inside search box for searching the codes of particular goods by way of entering the product’s bands.