Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS IEC Code Online Application India a good inevitable aspect within the import export dealings. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. In order to used to describe particular goods your past 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 action. It is an eight digit code which has been developed at par with the international coding system to suit the requirements of the international trading community from the country. The code is basically, a rare ID assigned any particular trading product, which is by simply more than 200 countries across the world.

DGFT India in the governing authority that looks after the changes or formulation or addition of new codes previously existing harmonized code guidelines. The authority performs periodical activities like commodity description, weeding the defunct codes, addition of brand new codes, change of product description etc. It maintains the harmonized code list, which is 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 divided into 98 sections. The chapters are further split into sub-headings to which particular HS Codes many products are mentioned.

Every trader dealing in international market has to say the particular code involving his product in all of the forms and also important paperwork that needs to filled up at the time of export import. 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 the papers. Hence one can say 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 a number of categories, simplifying the procedure of importers and exporters. You can potentially access this code list over the net with the internet data businesses like Infodrive Indian. Besides providing a comprehensive HS tariff list, the company has also provided an internal search box for searching the codes of particular goods via entering the product’s such as :.