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HSN CODE - 40070020 : CORD OF VULCNSE RUBR, NOT COVRED ELSEWHERE
HSN CODE | Description | Policy |
---|---|---|
4007 | VULCANISED RUBBER THREAD AND CORD | |
400700 | Vulcanised rubber thread and cord | |
40070020 | CORD OF VULCNSE RUBR, NOT COVRED ELSEWHERE | Free |
Harmonised System of Nomenclature (HSN Codes) 40070020 are used for the CORD OF VULCNSE RUBR, NOT COVRED ELSEWHERE products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 40070020
First two digits (40) represent the chapter number which is Chapter 40 - Rubber and articles thereof
Next two digits (07) represent the heading number which is VULCANISED RUBBER THREAD AND CORD
Next two digits (00) represent the product code which is Vulcanised rubber thread and cord
Last two digits (20) are for final or deeper classification which is CORD OF VULCNSE RUBR, NOT COVRED ELSEWHERE
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.