Harmonized code or HS Code a great inevitable aspect for the import export dealings. It is a unique numerical code used on various products and commodities Documents required for IEC Code Registration India while shipping from one country to another. It is used to describe particular goods regarding import export trading platform.

The ITC HS Code List or India harmonized code list is regulated and maintained from your Director General of Foreign Trade or DGFT India. The international coding system has been adopted in India for export import action. It is an eight digit code that has been developed at par with the international coding system to suit automobile of the international trading community for the country. The code is basically, a fashionable ID assigned to a particular trading product, which is by simply more than 200 countries across society.

DGFT India in the governing authority that provides the changes or formulation or addition of new codes regarding existing harmonized code place. The authority does periodical activities like commodity description, weeding the defunct codes, addition of new codes, change of description of product etc. It maintains the harmonized code list, and also a selection of such codes classified under 21 parts. 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 divided into 98 chapters. The chapters are further put into sub-headings this agreement particular HS Codes for several products are mentioned.

Every trader dealing in international market has to note the particular code regarding his product in all of the forms and other important paperwork that become filled up at period of import export. All the attached activities like customs duty or excise duty or drawback rates or the particular 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 substitute. If the HS tariff list was not available, might have been very troublesome for the traders to track down a particular segment of merchandise. The list presents the full product coding with a lot of of categories, simplifying the procedure of importers and exporters. You can potentially access this code list over the internet with the internet data brands like Infodrive Of india. Besides providing additional HS tariff list, the company has also provided an interior search box for searching the codes of particular goods because of entering the product’s makers.

Harmonized Code List an Integral Part of the Export import Trade

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