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

Harmonized code or HS Code a great inevitable aspect of this Import Export Code Application Online India export make trades. It is a unique numerical code assigned to various products and commodities required while shipping from one country to another. In order to used to describe particular goods within the 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 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 belonging to the country. The code is basically, a special ID assigned a new particular trading product, which is simply by more than 200 countries across the planet.

DGFT India in the governing authority that covers the changes or formulation or addition of new codes in existing harmonized code list. The authority carries out periodical pursuits like commodity description, weeding the defunct codes, addition of the latest codes, change of product description etc. It maintains the harmonized code list, which is a range 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. Every these 21 sections is further put into 98 chapters. The chapters are further separated into sub-headings under which particular HS Codes for different products are mentioned.

Every trader dealing in international market has post the particular code number of his product in all the forms along with important paperwork that become filled up at the time of import and export. All the attached activities like customs duty or excise duty or drawback rates or even exemption of commodities, are finished in experience of the code mentioned inside the papers. Hence one know that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, might have been very troublesome for participants to investigation for a particular segment of items. The list presents the sum of the product coding with amount of categories, simplifying the task of importers and exporters. You is likely to access this code list over the online world with the online data companies like Infodrive India. Besides providing a comprehensive HS tariff list, the corporate has also provided an indoor search box for searching the codes of particular goods simply by entering the product’s such as :.

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