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

Harmonized code or HS Code is an inevitable aspect within the import export make trades. It is a unique numerical code assigned to various products and commodities required while shipping from one country to another. Is 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 techniques. It is an eight digit code that has been developed at par with the international coding system to suit automobile of the international trading community for the country. The code is basically, a unique ID assigned a new particular trading product, which is through more than 200 countries across society.

dgft IE Code Online Registration in India India in the governing authority that provides the changes or formulation or addition of new codes the actual existing harmonized code guidelines. The authority carries out periodical pursuits like commodity description, weeding out of defunct codes, addition of recent codes, change of description of product etc. It maintains the harmonized code list, and also a collection of such codes classified under 21 sectors. 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. Both these 21 sections is further broken into 98 chapters. The chapters are further split into sub-headings under which particular HS Codes for several products are mentioned.

Every trader dealing in international market has to mention the particular code regarding his product in all of the forms and other important paperwork that must be filled up at period of import export. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are performed in hitting the ground with the code mentioned inside the papers. Hence one know that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, always be have been very troublesome for the traders to search for a particular segment of products. The list presents the whole of the product coding with a number of categories, simplifying your responsibilities of importers and exporters. You could access this code list over the web with the internet data the likes of Infodrive Indian. Besides providing additional HS tariff list, the company has also provided an enclosed search box for searching the codes of particular goods via entering the product’s makers.