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

Harmonized code or HS IEC Code Online Application India can be an inevitable aspect of this import export make trades. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. It 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 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 the requirements of the international trading community of the country. The code is basically, a rare ID assigned using a particular trading product, which is utilized by more than 200 countries across the planet.

DGFT India in the governing authority that attends to the changes or formulation or addition of new codes previously existing harmonized code listing. The authority does periodical pursuits like commodity description, weeding beyond defunct codes, addition of the latest codes, change of product description etc. It maintains the harmonized code list, may 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. Both these 21 sections is further separated into 98 chapters. The chapters are further put into sub-headings this agreement particular HS Codes to target different products are mentioned.

Every trader dealing in international market has to say the particular code regarding his product in all of the forms along with important paperwork that to be able to filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or perhaps the exemption of commodities, are carried out in experience with the code mentioned inside of the papers. Hence one can say that these codes are mandatory while dealing in foreign return. If the HS tariff list was not available, always be have been very troublesome for participants to watch for a particular segment of products. The list presents the full product coding with variety of categories, simplifying a job of importers and exporters. You in many cases can access this code list over the online world with the online data businesses like Infodrive India. Besides providing a comprehensive HS tariff list, the corporate has also provided an enclosed search box for searching the codes of particular goods simply by entering the product’s such as :.