Harmonized code or HS Code is actually inevitable aspect of this import export make trades. It is a unique numerical code allotted to various products and commodities required while shipping from nation to another. Is used to describe particular goods in the Import Export Code Online Registration India 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 India. The international coding system has been adopted in India for export import function. It is an eight digit code that 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 special ID assigned a new particular trading product, which is through more than 200 countries across earth.

DGFT India in the governing authority that looks after the changes or formulation or addition of new codes the actual existing harmonized code guidelines. The authority performs periodical activities like commodity description, weeding beyond defunct codes, addition of brand new codes, change of product description etc. It maintains the harmonized code list, which is a selection of such codes classified under 21 pieces. 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 broken into 98 sections. The chapters are further separated into sub-headings to which particular HS Codes for different products are mentioned.

Every trader dealing in international market has post the particular code associated with his product in all the forms because important paperwork that needs to filled up at period of export import. All the related activities like customs duty or excise duty or drawback rates or even exemption of commodities, are performed in experience of 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 track down a particular segment of products. The list presents the whole of the product coding with a lot of of categories, simplifying the procedure of importers and exporters. You can potentially access this code list over the net with the internet data brands like Infodrive The indian subcontinent. Besides providing additional HS tariff list, organization has also provided an inside search box for searching the codes of particular goods via entering the product’s names.

Harmonized Code List an Integral Part of the Export import Trade

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