Harmonized Code List an Integral Part of the Import and export Trade

Harmonized code or HS Code can be an inevitable aspect for the import export deal. It is a unique numerical code assigned 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 your Director General of Foreign Trade or dgft IE Code Registration Online India 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 automobile of the international trading community on the country. The code is basically, a fashionable ID assigned a new particular trading product, which is simply by more than 200 countries across society.

DGFT India in the governing authority that provides the changes or formulation or addition of new codes in existing harmonized code listing. The authority performs periodical activities like commodity description, weeding the actual defunct codes, addition of brand new codes, change of product description etc. It maintains the harmonized code list, and also a bunch 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. All of these 21 sections is further broken into 98 sections. The chapters are further separated into sub-headings this agreement particular HS Codes for different products are mentioned.

Every trader dealing in international market has to mention the particular code associated with his product in all the forms and also important paperwork that end up being filled up at period of export import. All the related activities like customs duty or excise duty or drawback rates or even exemption of commodities, are carried out in example of the code mentioned inside the papers. Hence one can say that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, end up being have been very troublesome for the traders to watch for a particular segment of products. The list presents the sum of the product coding with a number of categories, simplifying the duty of importers and exporters. You in many cases can access this code list over the web with the online data companies like Infodrive Sweden. Besides providing a detailed HS tariff list, the company has also provided an internal search box for searching the codes of particular goods via entering the product’s such as :.