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

Harmonized code or HS Code is an inevitable aspect for the import export dealings. It is a unique numerical code assigned to various products and commodities required while shipping from one country to another. It is 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 by the Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import techniques. It is an eight digit code which 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 special ID assigned using a particular trading product, which is by simply more than 200 countries across society.

dgft IEC Registration Online India India in the governing authority that takes care of the changes or formulation or addition of new codes the actual existing harmonized code place. The authority performs periodical activities like commodity description, weeding out of defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, which is a bunch 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 divided into 98 sections. The chapters are further split up into sub-headings under which particular HS Codes to target other products are mentioned.

Every trader dealing in international market has to note the particular code connected with his product in all the forms and also important paperwork that needs to filled up at period of import export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are executed in experience with the code mentioned in the papers. Hence one can tell that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, might have been very troublesome for the traders to watch for a particular segment of products. The list presents the whole of the product coding with amount of categories, simplifying a job of importers and exporters. You could access this code list over the net with the online data companies like Infodrive Sweden. Besides providing additional HS tariff list, organization has also provided an interior search box for searching the codes of particular goods via entering the product’s companies.