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

Harmonized code or HS Code is an inevitable aspect within the import export trade. It is a unique numerical code assigned to various products and commodities required while shipping from nation to another. In order to used to describe particular goods within the Import Export Code Online Registration India 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 techniques. 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 belonging to the country. The code is basically, a unique ID assigned the particular trading product, which is through more than 200 countries across the planet.

DGFT India in the governing authority that takes care of the changes or formulation or addition of new codes regarding existing harmonized code place. The authority carries out periodical activities 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 collection 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. All of these 21 sections is further broken into 98 chapters. The chapters are further separated into sub-headings under 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 and also important paperwork that must be filled up at period of import export. All the attached activities like customs duty or excise duty or drawback rates or perhaps 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 return. If the HS tariff list was not available, end up being have been very troublesome for the traders to investigation for a particular segment of merchandise. The list presents the product coding with variety of of categories, simplifying your responsibilities of importers and exporters. You could access this code list over the world wide web with the online data companies like Infodrive India. Besides providing additional HS tariff list, vehicle has also provided an inside search box for searching the codes of particular goods because of entering the product's makers.