Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code a great inevitable aspect of this Import Export Code Application Online India export commerce. It is a unique numerical code allotted to various products and commodities required while shipping from nation to another. Its 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 from 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 been developed at par with the international coding system to suit vehicle of the international trading community from the country. The code is basically, a fashionable ID assigned to a particular trading product, which is simply by more than 200 countries across entire world.

DGFT India in the governing authority that provides the changes or formulation or addition of new codes in existing harmonized code listing. The authority performs periodical activities like commodity description, weeding the actual defunct codes, addition of recent codes, change of description of product etc. It maintains the harmonized code list, along with that is a bunch 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 split up into 98 chapters. The chapters are further separated into sub-headings this agreement particular HS Codes many products are mentioned.

Every trader dealing in international market has post the particular code regarding his product in all of the forms and also important paperwork that end up being filled up at period of import and export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are performed in reference to the code mentioned ultimately papers. Hence one know that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, end up being have been very troublesome for participants to watch for a particular segment of merchandise. The list presents the whole of the product coding with variety of of categories, simplifying a job of importers and exporters. You in many cases can access this code list over the web with the internet data brands like Infodrive Of india. Besides providing a comprehensive HS tariff list, the company has also provided an interior search box for searching the codes of particular goods via entering the product’s bands.

This entry was posted in Uncategorized. Bookmark the permalink.