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HSN CODE - 84571020 : MACHINING CENTRES - VERTICAL
HSN CODE | Description | Policy |
---|---|---|
8457 | MACHINING CENTRES, UNIT CONSTRUCTION MACHINES (SINGLE STATION) AND MULTI-STATION TRANSFER MACHINES FOR WORKING METAL | |
845710 | Machining centres | |
84571020 | MACHINING CENTRES - VERTICAL | Free |
Harmonised System of Nomenclature (HSN Codes) 84571020 are used for the MACHINING CENTRES - VERTICAL 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 84571020
First two digits (84) represent the chapter number which is Chapter 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.
Next two digits (57) represent the heading number which is MACHINING CENTRES, UNIT CONSTRUCTION MACHINES (SINGLE STATION) AND MULTI-STATION TRANSFER MACHINES FOR WORKING METAL
Next two digits (10) represent the product code which is Machining centres
Last two digits (20) are for final or deeper classification which is MACHINING CENTRES - VERTICAL
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.