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Harmonized Code List an Integral Part of the Export import Trade

Harmonized code or HS Code can be an inevitable aspect in the import export deal. It is a unique numerical code sent to various products and commodities required while shipping from one country to another. Its used to describe particular goods in the import export trading platform.

The ITC HS IEC Code Online Application India List or India harmonized code list is regulated and maintained from 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 of the country. The code is basically, a unique ID assigned to a particular trading product, which is simply by more than 200 countries across society.

DGFT India in the governing authority that provides the changes or formulation or addition of new codes in existing harmonized code list. The authority does periodical pursuits like commodity description, weeding the actual defunct codes, addition of brand new codes, change of description of product etc. It maintains the harmonized code list, which 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. Every these 21 sections is further put into 98 chapters. The chapters are further put into sub-headings under which particular HS Codes for different products are mentioned.

Every trader dealing in international market has to say the particular code number of his product in all the forms and also important paperwork that must be filled up at time of import export. All the attached activities like customs duty or excise duty or drawback rates or even exemption of commodities, are finished in example of the code mentioned ultimately papers. Hence one can say that these codes are mandatory while dealing in foreign commerce. If the HS tariff list was not available, end up being have been very troublesome for participants to watch for a particular segment of products. The list presents the whole of the product coding with a lot of of categories, simplifying the task of importers and exporters. You could access this code list over the web with the online data companies like Infodrive The indian subcontinent. Besides providing a complete HS tariff list, organization has also provided an inside search box for searching the codes of particular goods by way of entering the product's bands.