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Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code a good inevitable aspect of the import export trade. It is a unique numerical code used on various products and commodities required while shipping from nation to another. In order to 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 through Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import operations. It is an eight digit code which has 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 unique ID assigned any particular trading product, which is used by more than 200 countries across earth.

dgft IE Code Registration Online India India in the governing authority that attends to the changes or formulation or addition of new codes previously existing harmonized code place. The authority carries out periodical pursuits like commodity description, weeding beyond defunct codes, addition of brand new codes, change of description of product etc. It maintains the harmonized code list, and also a range 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. Every these 21 sections is further divided into 98 chapters. The chapters are further split into sub-headings to which particular HS Codes for several products are mentioned.

Every trader dealing in international market has to say the particular code involving his product in all the forms and also important paperwork that must be filled up at period of export import. All the attached activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are executed in experience of the code mentioned inside the papers. Hence one know that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, always be have been very troublesome for the traders to search for a particular segment of merchandise. The list presents the full product coding with amount of categories, simplifying a job of importers and exporters. You can potentially access this code list over the net with the online data the likes of Infodrive India. Besides providing a comprehensive HS tariff list, the company has also provided an internal search box for searching the codes of particular goods it really is quite entering the product’s such as :.