Harmonized code or HS Code a great inevitable aspect of the import export trade. It is a unique numerical code assigned to various products and commodities Documents required for Import Export Code Registration Online while shipping from nation to another. Around the globe used to describe particular goods regarding 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 function. It is an eight digit code which has been developed at par with the international coding system to suit vehicle of the international trading community from the country. The code is basically, a rare ID assigned a new particular trading product, which is used by more than 200 countries across the world.

DGFT India in the governing authority that attends to the changes or formulation or addition of new codes the actual existing harmonized code list. The authority performs periodical pursuits like commodity description, weeding the particular defunct codes, addition of recent codes, change of product description etc. It maintains the harmonized code list, which is a bunch of such codes classified under 21 sectors. 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 separated into sub-headings this agreement particular HS Codes for different products are mentioned.

Every trader dealing in international market has to say the particular code regarding his product in all the forms and other important paperwork that end up being filled up at period of import 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 ultimately 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 watch for a particular segment of merchandise. The list presents the entire product coding with variety of of categories, simplifying the task of importers and exporters. You could access this code list over the net with the online data businesses like Infodrive The indian subcontinent. Besides providing a detailed HS tariff list, vehicle has also provided an inside search box for searching the codes of particular goods because of entering the product’s names.

Tags: No tags