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Nov 08

Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code a good inevitable aspect in the import export make trades. It is a unique numerical code sent to various products and commodities required while shipping from nation to another. Is used to describe particular goods regarding 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 India. The international coding system has been adopted in India for export Import Export Code Application Online India function. It is an eight digit code which includes 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 fashionable ID assigned using a particular trading product, which is through more than 200 countries across earth.

DGFT India in the governing authority that takes care of the changes or formulation or addition of new codes previously existing harmonized code guidelines. The authority performs periodical activities like commodity description, weeding out of defunct codes, addition most recent codes, change of product description etc. It maintains the harmonized code list, which is a number 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. Each of these 21 sections is further put into 98 sections. The chapters are further divided into sub-headings under which particular HS Codes many products are mentioned.

Every trader dealing in international market has post the particular code number of his product in all of the forms as well important paperwork that become filled up at period of export import. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are carried out in reference to the code mentioned inside of the papers. Hence one know that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, it have been very troublesome for the traders to investigation for a particular segment of products. The list presents the sum of the product coding with a lot of of categories, simplifying the task of importers and exporters. You can easily access this code list over the net with the online data manufacturers like Infodrive Indian. Besides providing a complete HS tariff list, the corporate has also provided an interior search box for searching the codes of particular goods via entering the product’s such as :.