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

Harmonized code or HS Code is actually inevitable aspect of this import export commerce. It is a unique numerical code allotted to various products and commodities Documents required for Import Export Code Registration Online while shipping from nation to another. In order to used to describe particular goods your 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 which has been developed at par with the international coding system to suit automobile of the international trading community of the country. The code is basically, a rare ID assigned a new particular trading product, which is used by more than 200 countries across the planet.

DGFT India in the governing authority that attends to the changes or formulation or addition of new codes the actual existing harmonized code listing. The authority performs periodical pursuits like commodity description, weeding the particular defunct codes, addition most recent codes, change of product description etc. It maintains the harmonized code list, which is a selection 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. Every these 21 sections is further divided into 98 sections. The chapters are further divided into sub-headings to which particular HS Codes to target different products are mentioned.

Every trader dealing in international market has post the particular code connected with his product in all the forms and other important paperwork that to be able to filled up at time of export import. All the attached activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are performed in example of the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign trade. If the HS tariff list was not available, it would 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 lot of of categories, simplifying a job of importers and exporters. You could access this code list over the online world with the internet data manufacturers like Infodrive India. Besides providing an end HS tariff list, the corporate has also provided an interior search box for searching the codes of particular goods by way of entering the product’s names.

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