Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code is actually inevitable aspect of this import export make trades. It is a unique numerical code used on various products and commodities required while shipping from nation to another. Its used to describe particular goods within the 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 IE Code Online Application Procedure India India. The international coding system has been adopted in India for export import operations. It is an eight digit code that has been developed at par with the international coding system to suit automobile 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 earth.

DGFT India in the governing authority that attends to the changes or formulation or addition of new codes in the existing harmonized code guidelines. The authority does periodical activities like commodity description, weeding beyond defunct codes, addition most recent codes, change of product description etc. It maintains the harmonized code list, and also a number of such codes classified under 21 pieces. 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 split up into 98 chapters. The chapters are further put into sub-headings this agreement particular HS Codes many products are mentioned.

Every trader dealing in international market has to say the particular code involving his product in all the forms and other important paperwork that needs to filled up at time of export import. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are finished in hitting the ground with the code mentioned in the papers. Hence one can say that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, might have been very troublesome for participants to search for a particular segment of merchandise. The list presents the whole of the product coding with a number of categories, simplifying the duty of importers and exporters. You is likely to access this code list over the internet with the online data manufacturers like Infodrive India. Besides providing additional HS tariff list, vehicle has also provided an interior search box for searching the codes of particular goods it really is quite entering the product’s bands.