Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code a good inevitable aspect of 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 past import export trading platform.

The ITC HS Code List or India harmonized code list is regulated and maintained through 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 provides been developed at par with the international coding system to suit vehicle of the international trading community of the country. The code is basically, a good ID assigned the particular trading product, which is utilized by more than 200 countries across society.

dgft IE Code Online Application Procedure India India in the governing authority that covers the changes or formulation or addition of new codes in existing harmonized code listing. The authority carries out periodical pursuits like commodity description, weeding the actual defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, may a number 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. 1 of these 21 sections is further split up into 98 sections. The chapters are further separated into sub-headings to which particular HS Codes to target other products are mentioned.

Every trader dealing in international market has to note the particular code associated with his product in all of the forms because 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 even exemption of commodities, are executed in hitting the ground with the code mentioned ultimately papers. Hence one know that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, always be have been very troublesome for the traders to watch for a particular segment of merchandise. The list presents the whole of the product coding with amount of categories, simplifying your responsibilities of importers and exporters. You could access this code list over the web with the internet data manufacturers like Infodrive Sweden. Besides providing a comprehensive HS tariff list, vehicle has also provided an internal search box for searching the codes of particular goods by way of entering the product’s makers.