Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code a great inevitable aspect for the import export dealings. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. Is 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 by the Director General of Foreign Trade or dgft IEC Registration Online India India. The international coding system has been adopted in India for export import function. It is an eight digit code provides been developed at par with the international coding system to suit the requirements of the international trading community on the country. The code is basically, a rare ID assigned to a particular trading product, which is through more than 200 countries across the planet.

DGFT India in the governing authority that provides the changes or formulation or addition of new codes previously existing harmonized code place. The authority performs periodical activities like commodity description, weeding out of defunct codes, addition of recent codes, change of product description etc. It maintains the harmonized code list, along with that is 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. 1 of these 21 sections is further divided into 98 chapters. The chapters are further split up into sub-headings this agreement particular HS Codes for several products are mentioned.

Every trader dealing in international market has to note the particular code involving his product in all the forms because important paperwork that become filled up at time of import and export. All the attached activities like customs duty or excise duty or drawback rates or even the exemption of commodities, are carried out in experience with the code mentioned inside of the papers. Hence one know that these codes are mandatory while dealing in foreign substitute. 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 sum of the product coding with a number of categories, simplifying the task of importers and exporters. You in many cases can access this code list over the net with the online data brands like Infodrive Sweden. Besides providing a detailed HS tariff list, organization has also provided an inside search box for searching the codes of particular goods via entering the product’s such as :.

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