HSN CODE - 74040023 : NICKEL SILVER SCRAP AND CLIPPINGS COVERED BY ISRI CODES MAIZE, MAJOR, MALAR, MALIC, NAGGY, NIECE

Harmonised System of Nomenclature (HSN Codes) 74040023 are used for the NICKEL SILVER SCRAP AND CLIPPINGS COVERED BY ISRI CODES MAIZE, MAJOR, MALAR, MALIC, NAGGY, NIECE 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 74040023

First two digits (74) represent the chapter number which is Chapter 74 - Copper and articles thereof

Next two digits (04) represent the heading number which is COPPER WASTE AND SCRAP

Next two digits (00) represent the product code which is Of copper alloys

Last two digits (23) are for final or deeper classification which is NICKEL SILVER SCRAP AND CLIPPINGS COVERED BY ISRI CODES MAIZE, MAJOR, MALAR, MALIC, NAGGY, NIECE

All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.