Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code a great inevitable aspect for the import export trade. It is a unique numerical code used on various products and commodities Documents required for Import Export Code Registration Online 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 procedure. It is an eight digit code provides been developed at par with the international coding system to suit the requirements of the international trading community from the country. The code is basically, a unique ID assigned using a particular trading product, which is simply by more than 200 countries across the world.

DGFT India in the governing authority that attends to the changes or formulation or addition of new codes in the existing harmonized code listing. The authority does periodical activities like commodity description, weeding beyond defunct codes, addition of recent codes, change of description of product etc. It maintains the harmonized code list, which is a selection 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. All of these 21 sections is further divided into 98 chapters. The chapters are further put 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 the forms along with important paperwork that must be filled up at time of import export. All the related activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are executed in experience of the code mentioned inside of the papers. Hence one can tell 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 investigation for a particular segment of items. The list presents the full product coding with variety of of categories, simplifying a job of importers and exporters. You can potentially access this code list over the internet with the internet data companies like Infodrive The indian subcontinent. Besides providing an end HS tariff list, organization has also provided an enclosed search box for searching the codes of particular goods via entering the product’s bands.

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