Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code is an inevitable aspect within the import export trade. It is a unique numerical code sent to various products and commodities Documents required for Import Export Code Registration Online while shipping from one country to another. Its used to describe particular goods in the 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 function. It is an eight digit code which been developed at par with the international coding system to suit automobile of the international trading community on the country. The code is basically, a good ID assigned any particular trading product, which is simply by more than 200 countries across entire world.

DGFT India in the governing authority that takes care of the changes or formulation or addition of new codes regarding existing harmonized code list. The authority carries out periodical activities like commodity description, weeding the defunct codes, addition of recent codes, change of product description etc. It maintains the harmonized code list, may a bunch of such codes classified under 21 parts. 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 divided into 98 chapters. The chapters are further separated into sub-headings to which particular HS Codes to target different products are mentioned.

Every trader dealing in international market has to bring up the particular code connected with his product in all of the forms as well important paperwork that end up being filled up at the 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 example of the code mentioned ultimately papers. Hence one can tell that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, it have been very troublesome for the traders to search for a particular segment of items. The list presents the whole of the product coding with variety of categories, simplifying the procedure of importers and exporters. You can potentially access this code list over the world wide web with the online data companies like Infodrive The indian subcontinent. Besides providing an end HS tariff list, the company has also provided an indoor search box for searching the codes of particular goods because of entering the product’s companies.