Harmonized Code List an Integral Part of the Import export Trade

Harmonized code or HS IEC Code Online Application India can be an inevitable aspect for the import export commerce. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. Around the globe 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 your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import operations. It is an eight digit code which includes been developed at par with the international coding system to suit automobile of the international trading community belonging to the country. The code is basically, a rare ID assigned to a particular trading product, which is simply by more than 200 countries across the planet.

DGFT India in the governing authority that looks after the changes or formulation or addition of new codes previously existing harmonized code listing. The authority does periodical activities like commodity description, weeding the defunct codes, addition most recent codes, change of description of product 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. Each of these 21 sections is further put into 98 sections. The chapters are further split into sub-headings to which particular HS Codes to target other products are mentioned.

Every trader dealing in international market has to mention the particular code associated with his product in all of the forms as well important paperwork that must be filled up at period of import export. All the related activities like customs duty or excise duty or drawback rates or the particular exemption of commodities, are finished in experience with the code mentioned in the papers. Hence one can tell that these codes are mandatory while dealing in foreign exchange punches. If the HS tariff list was not available, end up being have been very troublesome for the traders to search for a particular segment of merchandise. The list presents the whole of the product coding with a number of categories, simplifying your responsibilities of importers and exporters. You could access this code list over the net with the internet data manufacturers like Infodrive Sweden. Besides providing a comprehensive HS tariff list, vehicle has also provided an inside search box for searching the codes of particular goods simply by entering the product’s names.