Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS Code a great inevitable aspect of this import export trade. It is a unique numerical code used on various products and commodities required while shipping from one country to another. It 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 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 that has been developed at par with the international coding system to suit the requirements of the international trading community for the country. The code is basically, a rare ID assigned a new particular trading product, which is used by more than 200 countries across earth.

DGFT India in the governing authority that provides the changes or formulation or addition of new codes in the existing harmonized code list. The authority does periodical activities like commodity description, weeding the defunct codes, addition of brand new codes, change of product description etc. It maintains the harmonized code list, and also 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. Each of these 21 sections is further put into 98 chapters. The chapters are further divided into sub-headings under which particular HS Codes many products are mentioned.

Every trader dealing in international market has to bring up the particular code connected with his product in all the forms along with important paperwork that needs to filled up at time of export import. All the related activities like customs duty or excise duty or drawback rates or the actual exemption of commodities, are finished in experience with the code mentioned inside the papers. Hence one can say that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, might have been very troublesome for participants to watch for a particular segment of products. The list presents the entire product coding with amount of categories, simplifying the task of importers and exporters. You is likely to access this code list over the web with the Apply IEC Online India data manufacturers like Infodrive The indian subcontinent. Besides providing a complete HS tariff list, organization has also provided an indoor search box for searching the codes of particular goods simply by entering the product’s such as :.