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

Harmonized code or HS Code a great inevitable aspect within the import export commerce. It is a unique numerical code allotted to various products and commodities required while shipping from one country to another. Is 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 includes 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 rare ID assigned the particular trading product, which is used 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 the actual existing harmonized IEC Code Online Application India guidelines. The authority carries out periodical activities like commodity description, weeding the particular defunct codes, addition of the latest codes, change of description of product etc. It maintains the harmonized code list, may a collection 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. Both these 21 sections is further separated into 98 sections. The chapters are further divided 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 the forms and also 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 the particular exemption of commodities, are carried out in reference to the code mentioned in the papers. Hence one know that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, it have been very troublesome for the traders to search for a particular segment of merchandise. The list presents the whole of the product coding with amount of categories, simplifying the task of importers and exporters. You in many cases can access this code list over the web with the internet data brands like Infodrive Sweden. Besides providing a detailed HS tariff list, the company has also provided an interior search box for searching the codes of particular goods because of entering the product’s names.

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