Harmonized code or HS Code can be an inevitable aspect in the import export deal. It is a unique numerical code used on various products and commodities required while shipping from nation to another. Its 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 IE Code Registration Online India India. The international coding system has been adopted in India for export import action. It is an eight digit code provides been developed at par with the international coding system to suit automobile 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 planet.

DGFT India in the governing authority that provides the changes or formulation or addition of new codes regarding existing harmonized code listing. The authority performs periodical pursuits like commodity description, weeding the actual defunct codes, addition most recent codes, change of description of product etc. It maintains the harmonized code list, along with that is a number of such codes classified under 21 sections. 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. Each of these 21 sections is further separated 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 mention the particular code number of his product in all the forms and also important paperwork that to be able to filled up at period 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 in the papers. Hence one can tell that these codes are mandatory while dealing in foreign substitute. If the HS tariff list was not available, it would have been very troublesome for participants to track down a particular segment of products. The list presents the sum of the product coding with a number of categories, simplifying the procedure of importers and exporters. You can potentially access this code list over the online world with the internet data the likes of Infodrive Of india. Besides providing a complete HS tariff list, organization has also provided an indoor search box for searching the codes of particular goods because of entering the product’s companies.

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

You May Also Like